Nearly half of all workers are not contributing to a retirement account. An estimated 3.65 million workers do not have access to an employer-provided retirement plan, and minorities are particularly vulnerable.
Recruitment is a key issue in the public pension debate. While pensions have virtually disappeared from the private sector over the past decade, almost all public sector employers still offer defined benefit pension plans. Public sector wages are offset by retirement benefits, and many argue that recent benefits cuts will affect worker retention and quality.