74 Percent Of Full-Time Workers Have Access To Retirement Plans, 85 Percent Have Access To Health Care Plans: BLS

 

In March 2013, employer-provided retirement benefits were available to 74 percent of private industry full-time workers, according to the Bureau of Labor Statistics (BLS). However, the BLS noted that only 37 percent of part-time workers had access to a retirement plan. These data are from the BLS’s National Compensation Survey (NCS), which measures incidence and provisions of employee benefit plans. Less than half (49 percent) of all private industry workers participated in a retirement plan in March 2013.

 

In March 2013, 70 percent of all private industry workers had access to a health care plan, and 51 percent participated in one. The NCS found that while access to health care benefits was provided to 85 percent of full-time private industry workers, only 24 percent of part-time workers had such access. There also was a large disparity in access to health care benefits based on establishment size. The NCS found that, among private industry workers, 58 percent in establishments with fewer than 100 workers were offered a health care plan, compared with 88 percent in establishments with more than 500 workers.

 

Employers paid 81 percent of the cost of premiums for single coverage, and 69 percent of the cost for family coverage for workers participating in employer-sponsored health care plans, noted the BLS. The employer share for single coverage was greater in state and local government (87 percent) than in private industry (79 percent). For family coverage, the employer share of premiums was similar for private industry and state and local government, 68 percent and 70 percent, respectively.

 

The BLS noted that paid leave benefits continue to be the most widely available benefit offered by employers, with paid vacations available to 91 percent of full-time workers in private industry in March 2013. However, paid vacation benefits were available to only 36 percent of part-time workers. Paid sick leave was available to 74 percent of full-time workers and to 24 percent of part-time workers.

 

For more information, visit http://www.bls.gov/news.release/pdf/ebs2.pdf.