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Are Connecticut Workers Ready for Retirement?

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Abstract

This report reveals that fewer and fewer Connecticut employers are offering pension plans – both defined contribution and defined benefit plans – to their employees. This trend in Connecticut and across the country represents a serious threat to workers' ability to support themselves in old age. Without access to an employer sponsored retirement plan, Connecticut workers will be more reliant on Social Security and will be at risk for downward mobility in their senior years.

Suggested Citation

  • Teresa Ghilarducci & Joelle Saad-Lessler & Lauren Schmitz & Anthony Bonen & Kate Bahn, 2013. "Are Connecticut Workers Ready for Retirement?," SCEPA publication series. 2013-02, Schwartz Center for Economic Policy Analysis (SCEPA), The New School.
    • Handle: RePEc:epa:cepapb:2013-02
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    File URL: https://www.economicpolicyresearch.org/images/docs/research/retirement_security/Connecticut%20Retirment%20Readiness%20Report%20FINAL.pdf
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    More about this item

    Keywords

    Retirement; Social Security; Connecticut;
    All these keywords.

    JEL classification:

    • J26 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Retirement; Retirement Policies
    • H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions
    • E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth

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