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Pastimes : Let's Talk About Our Feelings!!!
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To: Oeconomicus who wrote (93425)1/12/2005 2:22:39 PM
From: epicure  Read Replies (2) of 108807
 
well glory be

I think we can take it that those folks with high school diplomas are exactly the kind of folks we were talking about...

No doubt you will have somethingt sarcastic to say about that too.

"More Americans covered by retirement plans at work

Retirement plan participation rates remained steady in 2003, but coverage among low-educated workers is not what it used to be.

The portion of all workers in an employment-based retirement plan - whether a defined benefit or a defined contribution plan - rose to 42% last year, up slightly from 41.8% in 2002. That's the latest word from the Employee Benefit Research Institute after studying the most recent Census data. Retirement plan participation among full-time, full-year workers ages 21-64 reached 57.1%, up from 56.7% in 2002. Those employed by the largest firms or the public sector showed the greatest participation gains.

While participation among college graduates has leaped in recent years, it has become more rare among those without advanced degrees. For workers ages 21-64 without a high school diploma, the level declined from 31.5% in 1987 to 21.9% in 2003. The slide was less severe for high school-only graduates, falling from 43.9% in 1987 to 42.6% in 2003.

"While the overall retirement plan participation level has stabilized, we're seeing significant changes within the subgroups," says EBRI President and CEO Dallas Salisbury, who expects retirement plan coverage to climb if the labor market tightens in coming years."

benefitnews.com
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