Boomers clamor for voluntary benefits

Employees identify lower cost (compared with purchasing benefits on their own) and choice as strong advantages of voluntary benefits.

By Paula Aven Gladych | Updated on December 20, 2013

As baby boomers head into retirement, a growing number of workers wish their employers offered voluntary benefits that would help them in retirement.

According to the 2013 Health and Voluntary Workplace Benefits Survey, conducted by the Employee Benefit Research Institute and Greenwald & Associates, 83 percent of those surveyed said they would like it if their employer offered an annuity product that makes guaranteed monthly lifetime payments.

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