Participation rates for employee-sponsored health benefits vary

How is your benefits package at work? Do you feel that other types of employers may have better plans? Which is more popular? Here are some statistics that may give you a better understanding of where you and your company’s plan fit in.

According to the U.S. Bureau of Labor Statistics, the participation rate for employer-sponsored medical care benefits for civilian workers was 52 percent in March 2016. The participation rate was 49 percent for private industry workers and 73 percent for state and local government workers.

That’s a big difference but the prospect of getting good benefits has long drawn people to government jobs. When it comes to employer-sponsored retirement benefits -- which include defined benefit and defined contribution plans – the participation rate was 54 percent for civilian workers.

Overall, the participation rate was 49 percent for private industry workers and 81 percent for state and local government workers.

Travis Credit Union’s employees enjoy a comprehensive employer-sponsored benefits package. To learn more about it and our current job openings, visit www.traviscu.org/careers.

Careers