Are Maryland Workers Ready for Retirement?

Joelle Saad-LesslerTeresa GhilarducciKate BahnAnthony BonenLauren Schmitz
Written By SCEPA

RELAB WORKING PAPER

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This report finds that employer sponsorship of retirement plans is declining in Maryland.

The weak economic climate has left many people in Maryland worried about how their financial needs will be met as they age. In addition to the basic level of insurance provided by Social Security, Maryland workers depend on the accessibility and affordability of employer-sponsored retirement plans to fund their retirement years. This report finds that employer sponsorship of retirement plans is declining in Maryland, making it difficult for workers to prepare for retirement.

SCEPA
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