LIMRA Retirement Research recently surveyed employees from both the private sector and not-for-profit sectors to measure current attitudes on retirement, risk tolerance and confidence about a secure retirement.
Among the highlights, the survey reveals that slightly more than 1 in 10 not-for-profit employees had no tolerance for investment risk and another third had only a little tolerance. By contrast, private sector employees were more accepting of risk with 9 percent not willing to accept any and 25 percent willing to accept a little risk.
One area of strong agreement shows that nearly half of both private sector and not-for-profit employees said they would like their employer to offer more comprehensive information and advice on retirement planning.
Conducted in June and July of 2013, facts sheets for each sector are available below: