A growing number of American workers are willing to trade a portion of their pay for more secure and generous retirement and health care benefits, according to a new survey.
Towers Watson’s poll of some 9,200 workers, released Monday, showed that almost half of those surveyed were worried about reductions in their retirement benefits over the next two years.
Towers Watson found that 55% of respondents were willing to pay more out of each paycheck to ensure they had a guaranteed retirement. In 2009, 46% said they were willing to pay more.
Half of respondents said they would trade a portion of their pay to ensure access to health care benefits if they should retire before they became eligible for Medicare benefits, compared with 40% two years ago. And 53% said they would be willing to forgo a portion of their pay in return for more generous benefits.