58 percent of private industry workers had access to medical care and retirement benefits in 2017

February 05, 2018

In March 2017, 67 percent of private industry workers had access to medical care benefits, and 66 percent had access to retirement benefits. Fifty-eight percent of workers had access to both medical care and retirement benefits, while 24 percent of workers had access to neither benefit.

 

 

Percent of private industry workers with access to employer-provided medical care and retirement benefits, March 2017
Benefit combination Percent with combination

Medical care and retirement benefits

58%

Medical care and defined contribution retirement plan

54

Medical care and no defined benefit retirement plan

50

No medical care and no retirement benefits

24

Medical care and defined benefit retirement plan

17

Medical care and no defined contribution retirement plan

13

Medical care and no retirement benefits

9

Retirement benefits and no medical care benefits

8

Nine percent of workers had access to medical care benefits but not retirement benefits, while 8 percent had access to retirement benefits but not medical care benefits. Retirement benefits include both defined benefit plans and defined contribution plans.

These data are from the National Compensation Survey — Benefits program. To learn more, see our most recent annual bulletin on benefits. Defined benefit plans provide employees with guaranteed retirement benefits based on a formula. Defined contribution plans specify the employer contributions and place them into individual employee retirement accounts. For definitions of the terms related to employee benefits, see our glossary.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, 58 percent of private industry workers had access to medical care and retirement benefits in 2017 on the Internet at https://www.bls.gov/opub/ted/2018/58-percent-of-private-industry-workers-had-access-to-medical-care-and-retirement-benefits-in-2017.htm (visited August 14, 2018).

OF INTEREST
spotlight

Recent editions of Spotlight on Statistics