Initial retirement choices rarely revisited
Most energy workers—especially early in their careers—stay locked into initial retirement choices
The latest Benefits 2.0 survey, conducted by Economist Enterprise and supported by Nuveen, finds that the majority of energy and utilities workers do not actively manage their retirement benefits, with 63% saying they never revisit their initial choices. This suggests many workers may remain locked into decisions made early in their careers, even as their financial needs evolve.
Disengagement is most pronounced among junior employees: 84% say they never revisit their selections, compared with 77% of middle management, 54% of upper management and just 38% of executives.
Disengagement is also notably high in mid-sized firms, suggesting organizational context can shape how actively workers engage with their benefits.
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Read moreDisclosure statement:
Nuveen and Economist Enterprise, or any of their affiliates or subsidiaries are not affiliated with or in any way related to each other. The research was independently developed by Economist Enterprise and is sponsored by Nuveen, LLC.
This material is for informational and educational purposes only as of the date of production/writing and may change without notice at any time based on numerous factors, such as market, economic or other conditions, legal and regulatory developments, additional risks and uncertainties and may not come to pass. All information has been obtained from sources believed to be reliable. There is no representation or warranty (express or implied) as to the current accuracy, reliability or completeness of, nor liability for, decisions based on such information, and it should not be relied on as such.
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