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Joint Economic Committee Democrats
Pension Charts
Chart 2.2
Last updated 7/25/06
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Among private sector workers aged 25-64, over 70 percent of both men and women with the highest earnings ($60,000 or more) participated in a pension plan in 2004. In contrast, well under 20 percent of men and women with the lowest earnings (below $16,600) participated in a pension plan.
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Overall, men had slightly higher rates of pension plan participation than women (49 percent compared to 46 percent). However, within each earnings group, the participation rate for women was higher. The lower overall rate for women reflects a higher concentration of women in lower earnings groups.
Note: Includes participants in private defined benefit and defined contribution plans such as 401(k) plans. Among all private sector workers in 2004, the lowest 20 percent had earnings below $16,600, the second lowest 20 percent had earnings between $16,600 and $26,900, the middle 20 percent between $26,900 and $39,000, the second highest 20 percent between $39,000 and $60,000, and the top 20 percent had earnings above $60,000.
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