Insurance

The BLS reports show that no less than 41% of workers in the insurance industry have full access to a traditional pension plan. “The kind of employees that they have are much more experienced and more likely to appreciate and get the whole concept of the defined benefit plan.” as Royce Kosoff, managing director for retirement at Willis Towers Watson, explained.

Retirees that have a traditional pension plan are expected to face less risk of investment losses or even running out of money than those former employees that have agreed to a 401(k) account to manage on their own.