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According to the 2006 Retirement Confidence Survey, participation in employer-sponsored retirement plans could be enhanced by adding automatic options. A majority of employed workers favor automatic enrollment (69 percent), automatically increasing the percentage of salary contributed when an increase in pay is received (65 percent), and automatically investing contributions for the employee (59 percent). Plan participants and nonparticipants are equally likely to favor each of these automatic features. (p. 4)
Helman, R., Copeland, C., & VanDerhei, J. (2006). Will more of us be working forever? the 2006 retirement confidence survey. (Issue Brief No. 292). Washington, DC: Employee Benefit Research Institute. Retrieved from http://www.ebri.org/publications/ib/index.cfm?fa=ibdisp&content_id=3630
These findings are part of the 16th annual Retirement Confidence Survey (RCS), a survey that gauges the views and attitudes of working-age and retired Americans regarding retirement, their preparations for
retirement, their confidence with regard to various aspects of retirement, and related issues. The survey was conducted in January 2006 through 21-minute telephone interviews with 1,252 individuals (1,000 workers
and 252 retirees) age 25 and older in the United States.
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140 Commonwealth Avenue - McGuinn, 6th Floor - Chestnut Hill, MA 02467
Email: age.work@bc.edu - Phone: 617.552.9195 - Fax: 617.552.9202
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