BLS: 15 Percent of Private Industry Workers Had Access to a Defined Benefit Retirement Plan
April 20, 2024
April 20, 2024
WASHINGTON, April 20 (TNSres) -- The U.S. Department of Labor's Bureau of Labor Statistics issued the following document on April 19, 2024, from Economics Daily:
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In March 2023, 15 percent of private industry workers had access to a defined benefit plan. Defined benefit plans provide employees with guaranteed retirement benefits based on plan formulas. An employee's retirement age, length of service, and preretirement earnings may affect the benefits received. Amon . . .
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In March 2023, 15 percent of private industry workers had access to a defined benefit plan. Defined benefit plans provide employees with guaranteed retirement benefits based on plan formulas. An employee's retirement age, length of service, and preretirement earnings may affect the benefits received. Amon . . .