Confidence in employee retirement assets drops
U.S. employers have lost certainty that employees will have
sufficient retirement assets when they leave the workplace. Only 4% of
employers are very confident their employees will have adequate retirement
assets, according to a survey from Aon Hewitt. This is a dramatic shift from
last year, when the same survey found 30% of employers were very confident
about their employees’ retirement assets.
Moreover, just 10% of employers feel very confident that
employees are taking the accountability needed to ensure retirement success.
Employers also doubt their employees’ ability to manage their income once they
do retire, with only 18% confident their employees will be able to do this.
Aon Hewitt also found that 52% of employers plan to
encourage workers to take more accountability for their retirement planning,
while 60% said they will focus on helping employees become more educated about
the resources available through their jobs.