Retirement benefits for U.S. workers decline

A new report shows that retirement benefits for U.S. workers have decreased, according to Bloomberg. 

The report, from Willis Towers Watson, revealed that employer-provided retirement benefits declined from 9.1 percent of employee pay in 2001 to 6.8 percent in 2015. Pension spending also fell by 76 percent, to settle at less than 1 percent of employee pay as of 2015. 

In addition, medical benefits for retired employees have decreased from 1.2 percent of pay to 0.2 percent. 

For non-retired workers, employees have increased spending on health care, reaching 11.5 percent of pay in 2015 from 5.7 percent in 2001. 

A separate report, the 2017 Global Retirement Index compiled by Natixis Global Asset Management, ranked the U.S. No. 17 in its list of the top 20 countries for retirement security, according to CNBC. The U.S. was No. 14 in last year's report. 

The top slot went to Norway, which was also No. 1 in 2016, followed by Switzerland, Iceland, Sweden and New Zealand. 

A survey conducted by the National Institute on Retirement Security found that 88 percent of Americans agree that the U.S. is dealing with a retirement crisis, CNBC noted. 

A new report reveals lower employer contributions.