Many Workers Don't Know When They Can Retire

T-HRD-87-23: Published: Sep 23, 1987. Publicly Released: Sep 23, 1987.

Additional Materials:


Office of Public Affairs
(202) 512-4800

GAO discussed workers' knowledge of their eligibility to receive pension benefits. Regarding early retirement, GAO noted that: (1) over 40 percent of 22 million workers were incorrect or did not know about their eligibility; (2) 75 percent of 12 million workers who were correct about eligibility did not know when they could receive benefits; (3) eligible workers, more educated workers, and workers further from their eligibility date were more likely to know about their eligibility; and (4) males were more likely than females to know about their eligibility. Regarding normal retirement, GAO noted that: (1) over 70 percent of 25 million workers with pension plans were incorrect about when they were eligible for benefits; and (2) males and workers close to their eligibility date were more likely to know when they were eligible.

Sep 24, 2020

Aug 28, 2020

Aug 13, 2020

Jun 16, 2020

Feb 27, 2020

Jan 9, 2020

Dec 18, 2019

Oct 21, 2019

Oct 4, 2019

Looking for more? Browse all our products here