Employees are more satisfied today with their retirement benefits programs than they were five years ago, but employers still have a ways to go before workers will be happy with their health benefits.

That's the word from a Towers Watson survey based on responses from more than 5,000 full-time U.S. employees late last summer. The U.S. figures were a subset of responses from 22,000-plus global workers. Their most recent responses were compared to how employees felt on these questions five years ago.

The survey found that two-thirds of respondents (67%) say they are satisfied with their employer-sponsored retirement plans, including defined benefit and 401(k) plans. That's a jump of 13 percentage points since 2009, with much of the increase concentrated among younger employees and those with DB plans.

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Dan Cook

Dan Cook is a journalist and communications consultant based in Portland, OR. During his journalism career he has been a reporter and editor for a variety of media companies, including American Lawyer Media, BusinessWeek, Newhouse Newspapers, Knight-Ridder, Time Inc., and Reuters. He specializes in health care and insurance related coverage for BenefitsPRO.