Connecticut retirement plan access and participation good, but uneven

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Connecticut employees have better than average access to retirement plans, but workers in New Haven have the least access to such plans compared to other metro areas in the state, according to data gathered by the Pew Research Center.

New Haven also has the largest gap between those who have access and employees who actually participate in a retirement plan such as pensions or 401(k)s.

Most retirement savings are accumulated by workers through employer-based plans but more than 30 million workers say they do not have access to such plans, according to Pew.

In Connecticut, the metropolitan area of Bridgeport, Stamford, and Norwalk have the highest rates of access to and participation in retirement plans.

Compared to the rest of the country, Connecticut ranks high.

Wisconsin has the best rate of 70 percent employees with access to a retirement plan whereas Florida had just 46 percent.

Connecticut residents as a whole have 66 percent access.

For employee participation, Connecticut ranks third with 58 percent.

Visit to drill down into the data to see the access and participation rates for subgroups like industry, age, and race.

What do you think?

  • Joseph Brzezinski

    The Pew data apparently includes both Defined Benefit and Defined Contribution pension plans but does not show any breakouts between the two. Likewise, no analysis showing split in contributions by employer and employee, nor between private and public employee plans.

  • James Norris

    Another bloodbath in stock market today.
    my TOTAL 401k/iras portfolio i.e. My retirement $
    is down about 13% plus since January ist (a mere 19 days ago); as is everyone elses.
    Must be nice to a Public employee with a Guaranteed Pension & not have to worry about stock market.