There are many states in America where the majority of the population don’t enjoy retirement benefits and if you are happy with your post-retirement life because you are getting all the benefits that you deserve, then consider yourself a very fortunate person.
States with low retirement benefits rates:
Overall, only half of the total full-time employees manage to participate in a retirement plan for their workspace. This has been indicated by many reports that have been compiled for this very purpose. Out of the huge 58 percent of workers who are eligible to enjoy retirement benefits, only 49 percent actually sign up.
- Also Read: 3 Reasons Certain Federal Employees Can Retire Years Earlier Than Their Peers Without Penalties
- Also Read: CSRS Retirement in 2024: Are You Making the Most of What This Classic Plan Has to Offer?
- Also Read: Roth IRA Basics for Beginners: What’s There to Learn?
Florida: The sunshine state is a name that not many would have guessed of but in Florida only 38 percent of the employees get benefits. This is the lowest of all the states.
Nevada: Around 27 percent of Nevada’s federal employees are working for the leisure and hospitality firms that are amongst the type of employers considered unlikely to provide benefits. Around 40 percent of workers in Nevada participate in retirement plans.
Texas: 50 percent of the Texas workforce is eligible for retirement benefits but around 41 percent of the employees actually participate in the plans.
Among other names are California, Louisiana, Arkansas and Georgia. While other states are considerably better, the overall figure is still not something we can look at with a smile on our face. It’s the duty of the newspapers and departments like OPM to make employees aware and to make employers pertinent as well. Workspaces need to provide employees with more opportunities and when they will be presented with more options, they are likely to take upon ventures that are going to benefit them in the longer run. Here’s hoping that things work out better.
