Abstract
This paper measures knowledge about future Social Security and pension benefits by comparing respondent reports with benefits calculated from Social Security records and employer pension plan descriptions. About half of all respondents are unable to report their expected Social Security and pension benefits. For only half of those who do report does Social Security and pension wealth fall within 25 percent of the objective measures. Knowledge about Social Security and pensions is related systematically to information provided in the work environment through the firm and union, and also depends on various factors related to the costs and benefits of gathering information.
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