More employees are choosing where to work to keep their retirement and health plans, and more intend to continue working for their employers until retirement, according to a Towers Watson survey.
The third part of a series of surveys titled “Retirement Attitudes,” released Thursday, focuses on how employees are beginning to view competitive retirement and health plans as a determining factor when deciding where to work and how long to stay there.
Of the 9,080 full-time U.S. employees at non-government organizations surveyed in June, 26% cited their company’s retirement plan as an important factor in their decision to join their current employer. Of those employees who have been with their companies for less than two years, 60% cited the retirement plan as an important factor.
More employees surveyed in June would like to continue working for their current employers than had said so in February 2009.
Of employees at companies with defined benefit plans, 80% said they would like to continue working for their employers until they retire, up from 67% in February 2009.
At companies with defined contribution plans only, 62% of employees would like to continue working for their employers until they retire, up from 53% in February 2009.