If you’re one of the few American workers with a traditional pension, your retirement strategy likely looks different from that of your peers. As of March, 2025, only 14% of U.S. workers were covered by a defined benefit pension plan, according to the Bureau of Labor Statistics. (1) These plans are far more common among government employees and retirees. In fact, nearly 86% of state and local public sector workers have access to such a pension, according to Congress. (2) And in 2024, 56% of retirees repo ...