Asked, "Would you choose to divert some of your Social Security taxes to a private account if it is allowed?" 56 percent of the participants said yes. Thirty-three percent said no, while 11 percent said they weren’t sure.
The poll, conducted the week of February 7, drew 398 participants.
"Regardless of what happens to the Bush proposal, employers know that helping employees plan for retirement gets more complicated all the time," observed Compensation.BLR.com Managing Web Editor Kevin Flood. "Social Security alone won’t provide a comfortable retirement, and there’s an ever-growing array of additional savings programs available–401(k)s, IRA, Employee Stock Ownership Plans (ESOPs), annuities, and 403(b)s, to name a few."
That’s why Business and Legal Reports (BLR), the parent company of Compensation.BLR.com, has prepared a special report, "HR Manager’s Guide: Employee Retirement Options Simplified." The report helps employers anticipate and answer their employees’ questions about whatever options they have for retirement savings. It can be downloaded at: http://www.blr.com/82008500/PRS4.
Old Saybrook, Conn.-based BLR produces plain-English compliance and training resources for HR, compensation, safety, and environmental managers. For more information and a free catalog, call 800-727-5257 or visit www.BLR.com.