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- Join Date
- Jul 2009
- Local Union
- Albuquerque, NM
- Rep Power
Workers In Right To Work States Are Less Likely To Have Access To Retirement Plans
I think your more likely to not have a whole lot of anything!
Wide differences in access to and participation in employer-based retirement plans exist across states, with variations by employer size and industry type as well as by workers’ income, age, education, race and ethnicity, according to a report released today by The Pew Charitable Trusts.
The report, Who’s In, Who’s Out: A Look at Access to Employer-Based Retirement Plans and Participation in the States, examines the rates of access to and participation in plans in all 50 states and assesses the challenges facing workers and employers in ensuring that Americans have sufficient resources to pay for their retirements.
Access and participation is higher in the Midwest, New England, and parts of the Pacific Northwest—and lower in the South and West. The report also finds that among Hispanic workers, access to a plan is around 25 percentage points below that for white non-Hispanic workers. Black and Asian workers also report lower rates of access than white workers.There is a correlation between traditionally strong union states and access to retirement plans. Workers in Right To Work (for less) states generally have much less access to retirement plans or pensions.