Study: Calif. Retirees Have Less Access to Employer Benefits
Californians do not have as much access to employer-sponsored retirement benefits as other U.S. residents, according to a study by the UC-Berkeley Center for Labor Research and Education, HealthyCal reports (Shanafelt, HealthyCal, 2/7).
The study found that the overall access rate for pension plans among Californians was 52% from 2007-2009, compared with 59.3% for U.S. residents overall (UC-Berkeley study,10/2011).Â
- About 50% of California residents work for businesses that offer a retirement plan;
- 44% of residents employed by such companies participate in the plans; and
- More than 45% of California employees age 24-64 are at risk of serious economic hardship when they retire.
According to the study,Â limited access to employer-sponsored health care and other benefits means that retired Californians have to rely more heavily on government programs (Shanafelt, HealthyCal, 2/7).This is part of the California Healthline Daily Edition, a summary of health policy coverage from major news organizations. Sign up for an email subscription.