ERIC ED286071: Pensions: Worker Coverage And Retirement Income, 1984. Data From The Survey Of Income And Program Participation. - Info and Reading Options
By ERIC
"ERIC ED286071: Pensions: Worker Coverage And Retirement Income, 1984. Data From The Survey Of Income And Program Participation." and the language of the book is English.
“ERIC ED286071: Pensions: Worker Coverage And Retirement Income, 1984. Data From The Survey Of Income And Program Participation.” Metadata:
- Title: ➤ ERIC ED286071: Pensions: Worker Coverage And Retirement Income, 1984. Data From The Survey Of Income And Program Participation.
- Author: ERIC
- Language: English
Edition Identifiers:
- Internet Archive ID: ERIC_ED286071
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"ERIC ED286071: Pensions: Worker Coverage And Retirement Income, 1984. Data From The Survey Of Income And Program Participation." Description:
The Internet Archive:
This document contains 4 charts and 15 tables describing the pension coverage of workers and the income of retirees in the United States as of 1984. Data were gathered through the fourth wave topical module to the 1984 panel of the Survey of Income and Program Participation, conducted from September through December of 1984. The prevalence of pension coverage among different segments of the population, the reliance on employee-directed retirement plans, and differences in the level of economic well-being of today's retirees are some of the topics discussed in this report. Some highlights of the report are the following: (1) two-thirds of the nation's wage and salary workers, aged 25 and over, were covered by employer-sponsored public and private pensions; (2) about 90 percent of workers in firms with 1,000 or more employees were covered by pension plans, compared with one-quarter of those in firms with fewer than 25 employees; (3) pension coverage ranged from only 38 percent of workers with monthly earnings under $500 to 84 percent of those earning $2,000 or more; (4) about one-fifth of wage and salary workers aged 25 or over had individual retirement accounts (IRAs), whereas only 12 percent of workers earning under $1,000 monthly participated in an IRA; (5) the average monthly pension for the 11.5 million retirees receiving a pension was $570, and combined Social Security and pension income brought the average to $930; and (6) the 6.7 million retirees who had pensions with cost-of-living adjustment provisions had average pensions nearly 80 percent higher than retirees with no cost-of-living provisions. (KC)
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