Sign me up: Majority of Company Compensation Pros Would Open Private Social Security Accounts, Compensation.BLR.com Poll Finds

President Bushs controversial proposal to let Americans privately invest part of their Social Security savings seems to have solid support among those who oversee employee pay. Thats what Compensation.BLR.com, a website for compensation professionals, found in a recent online poll.

Old Saybrook, CT (PRWEB) March 8, 2005 --- It might be controversial with the public and the Congress, but President Bushs proposal to let Americans privately invest part of their Social Security savings seems to have solid support among those who oversee employee pay. Thats what Compensation.BLR.com, a website for compensation professionals, found in a recent online poll.

Asked, Would you choose to divert some of your Social Security taxes to a private account if it is allowed?" 56 percent of the participants said yes. Thirty-three percent said no, while 11 percent said they werent sure.

The poll, conducted the week of February 7, drew 398 participants.

Helping employees plan for retirement gets more complicated
Regardless of what happens to the Bush proposal, employers know that helping employees plan for retirement gets more complicated all the time," observed Compensation.BLR.com Managing Web Editor Kevin Flood. Social Security alone wont provide a comfortable retirement, and theres an ever-growing array of additional savings programs available--401(k)s, IRA, Employee Stock Ownership Plans (ESOPs), annuities, and 403(b)s, to name a few." Thousands of companies rely on BLRs annual surveys of wage and salaries and benefits to help plan their compensation and benefit programs.

Business and Legal Reports (BLR), the parent company of Compensation.BLR.com, has prepared a special report, HR Managers Guide: Employee Retirement Options Simplified." The report helps employers anticipate and answer their employees questions about whatever options they have for retirement savings. It can be downloaded at: http://www.blr.com/82008500/PRS4.

About BLR
Old Saybrook, Conn.-based BLR produces plain-English compliance and training resources for HR, compensation, safety, and environmental managers. For more information and a free catalog, call 800-727-5257 or visit www.BLR.com.

Contact:   
Compensation.BLR.com Managing Web Editor Kevin Flood
kflood@blr.com
860 510-0100 x 2283

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