Source: Bureau of Labor Statistics, U.S. Department of Labor, TED: The Economics Daily, October 25, 2019
Ninety-four percent of civilian union workers and 67 percent of nonunion workers had access to retirement benefits through their employer in March 2019. Access means the benefit is available to employees, regardless of whether they chose to participate. Eighty-five percent of union workers and 51 percent of nonunion workers participated in an employer-sponsored retirement benefit plan. The take-up rate—the share of workers with access who participate in the plan—was 90 percent for union workers and 77 percent for nonunion workers.
The post Union workers more likely than nonunion workers to have retirement benefits in 2019 appeared first on AFSCME Information Highway.