New Jersey sky at sunset
The Bureau of Labor Statistics (BLS), part of the U.S. Department of Labor, has released data showing the prevalence of coverage under both health plans and retirement plans for employees in the private sector. In the past, the BLS has tended to look at each type of coverage individually. Depending upon how demographic groups are broken down, there are some interesting differences in coverage. For purposes of the BLS analysis, the figures look at retirement and health plans made available by employers, not whether the employees actually chose to be covered under them. Here are some highlights:
One of the recurring themes of these blogs is that retirement savings does not occur in a vacuum. Recognizing the importance of health coverage for retirees in the context of future needs as well as more current financial challenges is critical to trying to find solutions to fill gaps in retirement savings.
Leave a Reply.
Blog Author - Ken Felsher
With over 25 years of writing, editing, and research experience. I enjoy sharing with my readers my love of working with content on a variety of subjects.
All 401(k) 402(g) Boomers Catch-up DB Dc Deferral Limit Defined Benefit Defined Contribution ERISA Healthcare Participation Pension Professionally Managed RCS Retirement Retirement Confidence Tax Code Vanguard Women Working