A national survey of public employees from MissionSquare Research Institute reveals the vast majority (81 percent) are concerned they won’t have enough money to last throughout their retirement years.
Additionally, 78 percent say they won’t have enough money to live comfortably in retirement, and only nine percent say the benefits provided through their employer are “very sufficient” to meet their retirement needs.
Founded in 1972, MissionSquare maintains a non-profit financial services company that manages $81.5 billion in retirement assets for public employees.
The big picture: 73 percent of state and local employees are also worried they don’t have sufficient emergency savings.
- Workers say higher wages (78 percent), improved retirement benefits such as employer matches (54 percent), and better retiree healthcare benefits (50 percent) would bolster their retirement confidence.
