Newark, N.J. (Jan. 2, 2004) -- Six in 10 workers surveyed expect their savings in employer-sponsored retirement plans to be their single largest source of future retirement income, according to a study of plan participants by Prudential Financial Inc.
On average, participants expect retirement plans to account for 54 percent of their total retirement income, more than twice as much as they would expect from Social Security (26 percent), according to Prudential Financial's retirement perceptions study. According to the survey, 48 percent characterized Social Security as a “minor component” or not important to their future retirement income.
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