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"Although 36.7 percent of older boomers had DB plans (27.4 percent had only-DB plans and 9.3 percent had both DB and DC plans), only 28.9 percent of younger boomers (21.2 percent had only-DB plans and 7.7 percent had both DB and DC plans), and 32.4 percent of pre-boomers (24.2 percent had only-DB palns and 8.2 percent had both DB and DC plans) had this type of pension plan. Only 10.7 percent of retired workers had DB plans (7.8 had only-DB plans and 2.9 percent had both DB and DC plans). (Table 5, p.9)
AARP Public Policy Institute. (2003, July). Retirement plan coverage of baby boomers and retired workers: Analysis of 1998 SIPP data. Washington, DC: Verma, K. S., & Lichtenstein, H. J.
"This Issue Paper looks at the retirement plan coverage of workers n hree different birth cohorts- boomers, pre-boomers, and retired workers. In addition to assessing coverage on different jobs, this paper examines the type of plan in which a worker participates...The paper explores retirement plan coverage among boomers (age 33 to 52 in 1998), pre-boomers (age 53 to 64 in 1998), and retired workers (age 65 and older in 1998) as well as among subgroups of this workforce-women, miorities, and low-income workers."
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Email: age.work@bc.edu - Phone: 617.552.9195 - Fax: 617.552.9202
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