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Title: Older Workers' Pension Plan and IRA Coverage

Essay Details

Subject: Business
Date: July 5, 2004
Length: 6 / 1680
No of views: 0
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Essay text:

Inclusion of IRAs acknowledges the blurring of the distinction between employer-provided DC pension benefits and personal retirement savings. In 1998, 17.6 million or 13.3 percent of all workers who had a job or owned a business were older workers (Table 1)...

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In 1998, there were only 4.4 million workers aged 65 and older. This means that by age 65, three-fourths of all older workers (i.e., 13.2 million) have left the labor force (see Table 1). Top of Page Retirement Plan Coverage of Older Workers A total of 12...

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