Most workers identify access to a workplace retirement plan and life insurance as either important or extremely important as an occupational benefit, according to a new report.
The Transamerica Center for Retirement Studies published this finding “The Changing Face of Retirement – The Workplace Perspective,” a study conducted in collaboration with AEGON N.V. and based on responses of 9,000 people from the U.S. and 8 European countries. The second installment of an AEGON Retirement Readiness Survey, the report assesses the role of employers, workplace retirement benefits, and workers.
Of the 9,000 respondents surveyed more than half identify access to a workplace place retirement plan with employer contributions as important (34%) or extremely important (36%). Likewise, just over half of the respondents identify life insurance as important (24%) or extremely important (28%) among workplace benefits.
The occupational benefits accorded higher priority by the respondents include basic salary (89% rated this important or extremely important), holiday entitlement (81%), location of workplace (78%), bonus pay and overtime (74%) and medical health insurance (66%).