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Diane Publishing Books
Private Pensions: Improving Worker Coverage & Benefits
Barbara D. Bovbjerg. Private pensions (PP) can help assure that workers receive adequate incomes in retirement. However, millions of workers have no individual pension coverage. Since the 1970s, only about half of the nation’s workers have been covered by PP. This report examines the issues surrounding PP coverage & benefit adequacy & what measures might improve the income prospects of future retirees. Discusses the potential for reform of the PP system to improve workers’ coverage & benefits. Reviews approaches other than the voluntary, single-employer-based pensions system that might expand pension coverage & improve the retirement income of those workers likely to lack pensions.
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