{"content":[{"text":"AUGUST 2015","bbox":{"left":0.7734,"top":0.077042,"width":0.12541999999999998,"height":0.017069}},{"text":"Fact Sheet: New York \n Workplace Retirement Plans Will Help \n Workers Build Economic Security \n David John and Gary Koenig \n AARP Public Policy Institute","bbox":{"left":0.087737,"top":0.132879,"width":0.7146150000000001,"height":0.145632}},{"text":"Access to an employer-based retirement plan is critical for building financial security later in life. \n Yet, about 52 percent of New York’s private sector employees—roughly 3,507,000—work for an \n employer that does not offer a retirement plan. Significant numbers of workers at all levels of \n earnings and education do not have the ability to use payroll deductions to save for retirement.","bbox":{"left":0.1,"top":0.293371,"width":0.772001,"height":0.066687}},{"text":"Currently in New York, workers of larger employers \n are more likely to have a retirement plan than \n workers of smaller employers. The probability of \n having a workplace retirement plan also differs \n considerably by workers’ earnings level, education, \n and race and ethnicity. The lack of ability to \n participate in an employer-provided retirement plan, \n however, spans all levels of education and earnings, \n and cuts across all groups.","bbox":{"left":0.087737,"top":0.380834,"width":0.401254,"height":0.148636}},{"text":"•� Workers at all earnings levels do not have \n a plan: More than 2,582,000 of New York \n employees with annual earnings of $40,000 or \n less did not have access to a workplace plan. \n These workers represent about 74 percent of \n the 3,507,000 employees without an employer- \n provided retirement plan. \n •� Access to a plan differs substantially by race and \n ethnicity: About 67 percent of Hispanic workers \n and about 52 percent of African Americans \n lacked access to an employer-provided retirement \n plan. Minorities accounted for about 47 percent \n (1,649,000) of the roughly 3,507,000 employees \n without a workplace retirement plan.","bbox":{"left":0.510588,"top":0.378375,"width":0.40005599999999997,"height":0.23884799999999995}},{"text":"New York’s Situation by the Numbers \n About 52 percent of New York workers ages 18 to 64 \n in the private sector work for businesses that do not \n offer a retirement plan. \n •� Small-business employees are less likely to have a \n plan: Workers in New York businesses with fewer \n than 100 employees are much less likely to have \n access to a plan (71 percent) than workers in larger \n businesses (35 percent). In raw numbers, about \n 2,223,000 small-business employees do not have \n access to a retirement plan compared with about \n 1,283,000 in businesses with 100 or more workers. \n •� Workers at all education levels do not have \n a plan: About 76 percent of workers who did \n not have a high school degree did not have an \n employer-provided retirement plan—a much \n higher percentage than workers with some college \n (52 percent) or a bachelor’s degree or higher \n (44 percent). But in raw numbers, workers with at \n least some college who did not have access to an \n employer plan exceeded those workers without a \n high school degree who did not have access to an \n employer plan (1,983,000 versus 462,000).","bbox":{"left":0.087737,"top":0.545741,"width":0.39888199999999996,"height":0.4022899999999999}},{"text":"Why Access to Payroll Deduction \n Retirement Savings Plans Is Important \n •� Makes saving easier: About 90 percent of \n households participating in a workplace retirement \n plan today report that payroll deductions are very \n important and make it easier to save.1 Saving \n at work appears to be critical: Few households \n eligible to contribute to an Individual Retirement \n Account outside of their jobs regularly do so.2 \n •� Helps increase retirement income: Social \n Security is essential to retirement security, but its","bbox":{"left":0.510588,"top":0.633494,"width":0.398262,"height":0.20089999999999997}}],"images_bbox":[{"left":0.651022,"top":0.85242,"width":0.260485,"height":0.093287}],"images_bbox_not_text_overlap":[{"left":0.651022,"top":0.85242,"width":0.260485,"height":0.093287}]}