Many U.S. workers expect end to employer benefits

Fri Mar 13, 2009 8:54pm EDT
 
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]

NEW YORK (Reuters) - Nearly half of U.S. workers believe their health insurance, retirement savings and pension plans will no longer be provided by their employers a decade from now, a survey showed on Friday.

Some 30 percent of workers think they will be responsible for their own benefits by 2019, and 18 percent say the government will be responsible, according to the poll conducted for Fidelity Investments' Consulting Services.

Another 28 percent think employers will still be providing benefits, and 24 percent say they were unsure.

In another finding, 61 percent of workers said they are paying more for benefits but getting less or the same coverage as they did in 2007.

The online survey was conducted January 7-13 by Synovate, a market research company. It polled 676 adults who have employer-provided health insurance and work at companies with at least 100 employees.

The nationwide poll had a margin of error of plus or minus 3.7 percentage points.

Fidelity's Consulting Services helps employers oversee their benefits programs. It is part of Fidelity Investments, a financial services and mutual fund company based in Massachusetts.

(Reporting by Ellen Wulfhorst; Editing by Daniel Trotta and Xavier Briand)

 
<p>Pedestrians walk past the outside of the New York Stock Exchange in New York's financial district September 16, 2008. REUTERS/Lucas Jackson</p>