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Workers with Access to and Participating in Retirement Benefits, 2005

	All retirement plans		Defined benefit¹		Defined Contribution²
	Access	Participation	Access	Participation	Access	Participation
All workers	60%	50%	22%	21%	53%	42%
White collar	70	61	25	24	64	53
Blue collar	60	51	26	26	50	38
Service	32	22	7	7	28	18
Bargaining status:
Union	88	85	73	72	49	54
Nonunion	56	46	16	15	54	41
Establishment size:
Less than 100 workers	44	37	10	9	40	32
100 or more workers	78	67	37	36	69	53
Industry:
Goods producing	71	64	33	32	61	50
Services producing	56	47	19	18	51	39

NOTES: Data include full-time and part-time private workers.

1. Defined benefit plans guarantee a periodic or lump-sum benefit at retirement.

2. Defined contribution plans—such as 401(k) plans—specify a formula for depositing funds into an account for each employee, but do not guarantee a future benefit.

Source: U.S. Department of Labor, Bureau of Labor Statistics: Monthly Labor Review, Feb. 2006.

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Related content from HighBeam Research on: Workers with Access to and Participating in Retirement Benefits, 2005

Trends in retirement plan coverage over the last decade: from 1992-93 to 2005, there was an overall drop in retirement coverage, participation in defined contribution plans eclipsed that in defined benefit plans, and the features of retirement plans changed in tandem with the declining participation.(Retirement Plan Coverage)(Statistical data) (Monthly Labor Review)

Costs undermine competitive position; This year brought the realization that the cost of employer-provided benefits is too high, the value delivered is too low, and the current framework offers no solutions. (Workforce Management)

College retiree health care program plans to expand benefit offerings; Rise in retiree health care costs, flexibility of plans raises interest.(Benefits Management) (Business Insurance)

New directions: unimpressive results cause disability insurers to try different growth tactics.(Health/Employee Benefits: Disability Insurance) (Best's Review)

Super effort pays off (Intheblack)

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