Latest News
57.3 million employees don’t have access to a retirement plan
According to a new report from the Georgetown University’s Center for Retirement Initiatives, it found 57.3 million employees in the private-sector workforce do not have access to a retirement plan through their employer. The report also mentions that 79 percent of the bottom 20 percent of earners has no retirement assets. Why? According to the authors of the report, the significant gap is caused by employers in the United States are not required to offer retirement savings plan to their employees. Although a handful of states roll out employer-mandated retirement savings programs, they are advocating for a nationwide policy. In Kenneth Corbin’s article for Benefit News, he reports on their findings. Read Mr. Corbin’s article here…
This posting is presented for informational purposes only and does not represent legal or financial guidance. Any opinions or interpretations presented are either those of the original author or, in the case of articles authored by the AMAC Foundation, are the opinions of AMAC Foundation staff, originally trained and accredited by the National Social Security Association (NSSA) and certified via the AMAC Foundation. Any links included in the article are valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the links’ validity. NSSA and the AMAC Foundation and its staff are not affiliated with or endorsed by the Social Security Administration or any other governmental entity. To submit a question, visit our website (https://amacfoundation.org/services/) or email us at ssadvisor@amacfoundation.org. Because we are a non-profit organization, there is no charge for these services.