Abstract
One of the dramatic developments which has occurred since World War II has been the rapid expansion of private pension plan coverage. In 1940 about 4 million workers were covered by such plans and by the end of last year, 25 million workers—about half of the employees in private, nonfarm establishments—had such coverage. The President's Committee on Corporate Pension Funds estimated that by 1980 the coverage will have increased to 63%. The survey made by the ACS Committee on Professional Relations and Status (C&EN, Oct. 25, page 70) shows that more than 99% of the more than 44,000 persons included in the survey were employed in companies that have a pension plan. Thus, as would be expected, ACS members have a much greater chance of being covered by a pension plan than the average employee. The growth in the assets set aside to provide these pension benefits has been equally spectacular. In 1940 the total ...
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