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Old Yesterday, 10:25 PM
 
1,304 posts, read 963,313 times
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Quote:
Originally Posted by ChessieMom View Post
Unheard of??? Do you know any teachers? Policemen or firefighters?
No I haven't who are they?

Private sector
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Old Yesterday, 11:06 PM
 
27,002 posts, read 33,908,856 times
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Quote:
Originally Posted by sammy87 View Post
No I haven't who are they?

Private sector
You didn't specify that in the post I quoted.

Nevertheless....there are quite a few private sector employees that participate in pensions.


https://www.pensionrights.org/public...tirement-plans

Private-sector workers. (118 million full and part-time workers):

Percentage of private-sector workers participating in a workplace retirement plan: 51
Percentage of private-sector workers participating in a pension plan: 13
Percentage of private-sector workers participating in a retirement savings plan: 47
Percentage of private-sector workers participating in a retirement plan who are in a pension plan: 26*
*(15.3 million workers. Pension Rights Center calculations based on NCS data.)
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Old Today, 10:48 AM
 
6,484 posts, read 3,004,819 times
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Quote:
Originally Posted by ChessieMom View Post
You didn't specify that in the post I quoted.

Nevertheless....there are quite a few private sector employees that participate in pensions.


https://www.pensionrights.org/public...tirement-plans

Private-sector workers. (118 million full and part-time workers):

Percentage of private-sector workers participating in a workplace retirement plan: 51
Percentage of private-sector workers participating in a pension plan: 13
Percentage of private-sector workers participating in a retirement savings plan: 47
Percentage of private-sector workers participating in a retirement plan who are in a pension plan: 26*
*(15.3 million workers. Pension Rights Center calculations based on NCS data.)
Can you explain the apparent conflict in the two highlighted lines?
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Old Today, 11:30 AM
 
27,002 posts, read 33,908,856 times
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Quote:
Originally Posted by TaxPhd View Post
Can you explain the apparent conflict in the two highlighted lines?
There is no conflict.

My pension plan and retirement plan are two entirely separate things. Participation in the pension plan is mandatory (we must contribute). Participation in the retirement plan (we offer both 403b and 457b) is completely optional.
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Old Today, 12:00 PM
 
6,484 posts, read 3,004,819 times
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Quote:
Originally Posted by ChessieMom View Post
There is no conflict.

My pension plan and retirement plan are two entirely separate things. Participation in the pension plan is mandatory (we must contribute). Participation in the retirement plan (we offer both 403b and 457b) is completely optional.
So, is the percentage of private sector workers in a pension plan 13% or 26%? According to your post, it’s both.
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Old Today, 01:11 PM
 
27,002 posts, read 33,908,856 times
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Quote:
Originally Posted by TaxPhd View Post
So, is the percentage of private sector workers in a pension plan 13% or 26%? According to your post, it’s both.
Maybe visit the site for more info. Not my statistics.

The point was, there are quite a few private sector employees that participate in pension plans. I’m sure you can find out more if you wanted to look.
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Old Today, 10:55 PM
 
Location: Las Vegas & San Diego
771 posts, read 129,517 times
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Quote:
Originally Posted by TaxPhd View Post
Can you explain the apparent conflict in the two highlighted lines?
There is no conflict, it looks like of the private-sector workers participating in a workplace retirement plan, 26% are in a pension plan - 15.3 million workers.

There are 51% of the private sector workers participating in a workplace retirement plan and 13% in a pension plan - since a pension is a retirement plan that works out to 26%. 118 x 0.13 = 15.34
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