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This means that by age 65, three-fourths of all older workers (i.e., 13.2 million) have left the labor force (see Table 1).
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Retirement Plan Coverage of Older Workers
A total of 12.4 million, or 70.3 percent of all older workers had some type of retirement plan coverage in 1998 (Table 2)...
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Of those covered, 7.1 million (39.3 percent) of all older workers had coverage from a current primary job, and 4.6 million of all older workers (25 percent) had coverage from previous jobs. Allowing for overlap, 9.8 million (55.6 percent) had some kind of career pension coverage.4 This rate was more than 15 percentage points higher than the standard measure (i...
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