11/28/22

Why Pensions Are Important

This fact sheet explains the role pensions play in the overall retirement security of American workers, retirees, and their families. Pensions are Important to Retirement Security Social Security provides only a safety net. Average yearly Social Security payment: $21,968 Annual minimum-wage salary: $15,080 Average portion of pay Social Security replaces: 34.4% Most retirees have little […]