Pension & Benefits News Majority of full-time workers have access to retirement, health care plans: BLS
News
Friday, October 11, 2019

Majority of full-time workers have access to retirement, health care plans: BLS

By Pension and Benefits Editorial Staff

In March 2019, employer-provided retirement benefits were available to 80 percent of full-time workers, according to the Bureau of Labor Statistics (BLS). In addition, 87 percent of full-time workers had access to employer-provided health care plans. However, only 40 percent of part-time workers had access to retirement plans, and only 22 percent of part-time workers had access to health care plans. These data are from the BLS's National Compensation Survey (NCS), which measures incidence and provisions of employee benefit plans.

The survey found the following about private-industry workers:

  • For single coverage medical care, the share of premiums paid by workers was 21 percent and employers paid 79 percent. Seventy-three percent of workers made flat dollar contributions with a median monthly amount of $122.33. Sixteen percent of workers had a variable premium.
  • The median flat dollar monthly employee contribution for family coverage medical care was $473.36.
  • Ninety-four percent of union workers had access to medical care benefits and 83 percent had access to life insurance. Eighty-two percent had access to both benefits.
  • Seventy-nine percent of workers had paid holidays, 79 percent had paid vacation, and 73 percent had paid sick leave.

SOURCE: https://www.bls.gov/news.release/pdf/ebs2.pdf

Back to Top

Interested in submitting an article?

Submit your information to us today!

Learn More