Are Washington Workers Ready for Retirement?
Authors: Joelle Saad-Lessler, Teresa Ghilarducci, Kate Bahn and Anthony Bonen
Date: April 2014
In addition to Social Security, Washington workers depend on the accessibility and affordability of employer-sponsored retirement plans to support them in retirement. This report reveals that Washington employers are offering fewer retirement plans to their employees today. The overall decline in plan sponsorship, coupled with the shift from DB to DC plans, represents a real threat to workers' retirement security. Left unchanged, Washington's residents will face increasing downward mobility in retirement.