April 9, 2009

Retirement benefits will never be the same, workers say

When the economy does improve, will employers reinstate the same retirement benefits? That's a good question, according to a majority of workers.

A Harris Poll released Thursday shows only about 30 percent of employees are sure their company will bring back pensions and that the 50 percent match on the first 6 percent an employee contributes to a 401(k) plan will be reinstated.

So what will be coming back? Top answer: Thirty-six percent of respondents say they believe their salary increase that matched or exceeded inflation will make a second coming. The overall survey indicated about 70 percent of employees will be forever ruling out retirement benefits that match what they were getting before the crisis.

Reprints Discuss this story
This is where the comments go.