Total Military

2012 Retirement Accounts

Total Military
Have Account76%
No Account18%

Total Military by Pay Grade

% Have Retirement Account

Have Retirement Account
E1-E459%
E5-E680%
E7-E987%
W1-O1089%
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Americans have seen a heavy shift toward more personal responsibility when it comes to saving for retirement. Recognizing that many Americans are not familiar with the technical terms and distinctions between different retirement plans, the survey employed a few "plan language" questions that touched on the various types of retirement accounts—from employer-based options like a pension or defined contribution (e.g., TSP, 401(k)) to independent options (e.g., IRA, Keogh, SEP).