It’s now obvious retirement insecurity is a full-blown epidemic across the nation. The National Institute on Retirement Security released a new public opinion today revealing more than eight out of 10 Americans worry about their ability to retire.

What can be done? Fifty-five percent of Americans believes a pension would increase their retirement confidence; 84 percent says policymakers should make it easier for employers to offer pensions. Nearly nine out of 10 Americans believe every worker should have a pension plan.

Beth Almeida, executive director of the National Institute on Retirement Security, says, Americans are likely feeling their retirement aspirations are now an unattainable “fantasy.”

“We need to get back to retirement basics,” Almeida remarked. “This means a system that provides a stable retirement income from three sources: a pension, 401(k)-type individual savings, and Social Security. To restore retirement readiness, Americans would be well-served by policies from the new Congress and Administration that take a comprehensive approach: recognizing that 401(k) plans can’t do it alone; shoring up Social Security, and re-tooling pensions for the 21st century.”

The study was commissioned by the National Institute on Retirement Security and conducted by Mathew Greenwald & Associates, Inc. The results are contained in a new research report entitled, “Pensions & Retirement Security: A Roadmap for Policy Makers .” A copy of the full report can be downloaded here.