Are Connecticut Workers Ready for Retirement?
Authors: Joelle Saad Lessler, Teresa Ghilarducci, Kate Bahn, Anthony Bonen, and Lauren Schmitz
Date: April 2013
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.