More than half of Illinois’ private sector employees do not have
access to a retirement savings plan through their jobs, according to a
new study released by the Woodstock Institute.
Chicago-based nonprofit, a research and policy organization focused on
fair lending, wealth creation, and financial systems reform, analyzed
data from the Bureau of Labor Statistics, the Census Bureau, and the
Employee Benefits Research Institute.
The study, called “Coming Up Short: The Scope of Retirement Insecurity Among Illinois Workers,”
found that 2.2 million private sector workers in the state, or 46.6
percent, had access to a retirement plan at their employers in 2010,
while 2.5 million, or 53.4 percent, did not.
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