Workers in the south and west have the lowest participation levels in employment-based retirement plans, while workers in the upper Midwest, mid-Atlantic and northeast had the highest levels, according to the Employee Benefit Research Institute.
Using data from the U.S. Census Bureau's March 2011 Current Population Survey, EBRI found that Florida had the lowest percentage participating in a retirement plan at 43.7 percent, compared to West Virginia, which had a 64.4 percent participation rate.
Nationwide, 54.5 percent of full-time wage and salary workers, ages 21 to 64, participated in an employer-sponsored plan.
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Public employees in Pennsylvania had the highest level of participation at 78.9 percent, while the lowest level of participation among public employees was in Arkansas at 57.6 percent.
The EBRI is an independent nonprofit organization committed to data dissemination, policy research and education on economic security and employee benefits.
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