Skip to content
Subscriber Only

Americans’ Retirement Benefits Have Been Slashed

Employer contributions to pensions, 401(k)s and retiree health-care benefits fell from 9.1 percent of worker pay in 2001 to 6.8 percent in 2015.
Bloomberg business news

Is Your 401(k) Safe During Volatile Markets?

Americans are more worried about retirement, and they're getting less help saving for it.

Employers cut their contributions to workers' retirements by a quarter from 2001 to 2015, according to a new report by the consulting firm Willis Towers Watson. The biggest driver: the decline of traditional defined-benefit pensions, replaced by stingier, 401(k)-style, defined-contribution plans.