S1. To begin, can you please tell me your age as of your last birthday? [IN YEARS]

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1 2016 Puerto Rico Survey Retirement Security & Financial Resilience Labor Force Participants (working or looking for work) age 35 to 64 and current Retirees Total sample n=800, max Retirees (may be current or former retirees for quota count) n=200 TRO We are calling people in Puerto Rico to ask for their opinions about some public issues. We are not trying to sell you anything, we are only interested in your thoughts and there is no right or wrong answer. Your views are important and we would greatly appreciate your participation in this survey. SCREENG & QUOTA MARKG S1. To begin, can you please tell me your age as of your last birthday? [ YEARS] PROG: MUST BE 35 TO 64 TO QUALIFY. ALL OTHERS TERMATE. COUNTER QUOTA FOR AGE GROUPS yrs yrs yrs S2. GENDER RECORD BY OBSERVATION. ASK ONLY IF ABSOLUTELY NECESSARY: To ensure it is recorded accurately, could you please state your gender? Male Female Puerto Rico Retirement & Financial Resilience Survey, FAL Page 1 of 20

2 S3. Which of the following best describes your current employment status? Are you? (READ LIST. SELECT ONE.) 1. Employed full-time Employed part-time Retired and not working at all Unemployed and looking for work 6 11 FORCE = 1, 2, 4 EMPLOYED = 1, 2 RETIRED = 3 In Labor Force Employed Retirees Puerto Rico Retirement & Financial Resilience Survey, FAL Page 2 of 20

3 S3b. In which municipality do you live? Adjuntas Aguada Aguadilla 1 1 Aguas Buenas 1 1 Aibonito Añasco Arecibo Arroyo 1 Barceloneta Barranquitas 1 Bayamón Cabo Rojo Caguas Camuy Canóvanas Carolina Cataño Cayey 1 2 Ceiba Ciales Cidra 1 Coamo Comerío Corozal 1 Culebras Dorado Fajardo Florida Guánica Guayama Guayanilla 1 Guaynabo Gurabo Hatillo 1 1 Hormigueros 1 1 Humacao Isabela 1 1 Jayuya Juana Díaz 1 1 Juncos 1 2 Lajas Lares 2016 Puerto Rico Retirement & Financial Resilience Survey, FAL Page 3 of 20

4 Las Marías 1 1 Las Piedras Loíza Luquillo 1 1 Manatí Maricao 1 Maunabo 1 1 Mayaguez Moca Morovis 1 1 Naguabo Naranjito Orocovis Patillas 1 1 Peñuelas Ponce Quebradillas 1 Rincón 1 Rio Grande Sabana Grande Salinas 1 1 San Germán San Juan San Lorenzo San Sebastian Santa Isabel 1 1 Toa Alta Toa Baja Trujillo Alto Utuado Vega Alta Vega Baja Vieques Villalba 1 Yabucoa Yauco Puerto Rico Retirement & Financial Resilience Survey, FAL Page 4 of 20

5 REGION San Juan Metro East West South North S4. [IF S3=1,2 - EMPLOYED] Are you? READ LIST, SELECT ONE. [IF S3=3 - RETIRED] Before you retired, were you? READ LIST, SELECT ONE. Unweighted Base Base: A local, state or federal government employee An employee of a private sector business, company or organization (IF NECESSARY: non-government organization that may be either non-profit or for profit.) Self employed Not sure/don t know Refused 2016 Puerto Rico Retirement & Financial Resilience Survey, FAL Page 5 of 20

6 S5. A. [IF S3=1,2 & S4=1,2 - EMPLOYED PRIVATE SECTOR/NON GOVERNMENT] Approximately how many employees are employed at the organization where you work? Would you say READ LIST B. [IF S3=3 & S4=1,2 - RETIRED FROM PRIVATE SECTOR/NON GOVERNMENT] Approximately how many employees were employed by the organization where you work? Would you say READ LIST C. [IF S3=1,2 & S4=3 - SELF EMPLOYED] Approximately how many employees do you employ? Would you say READ LIST Unweighted Base Base: Employed or retired to 250 (Net) to to to to 5, More than 5, Not sure/don t know Refuse 1 1 S6. [IF S3=1,2,4 - FORCE] Have you ever retired from a previous job? Unweighted Base Base: Yes No PROG: IF YES AT S6, ALSO COUNT TOWARD RETIREE QUOTA 2016 Puerto Rico Retirement & Financial Resilience Survey, FAL Page 6 of 20

7 S7. [IF S3=3 OR S6=1 - RETIRED OR PREVIOUS RETIREE] Did you have to retire earlier than you expected because of either job loss, a health issue or some other event? Unweighted Base Base: Retired or previous retiree Yes No Don t know Refused S8. [IF S3=3 - RETIRED] After retiring, some people will return to some form of work. How likely are you to ever go back to working for pay? Would you say READ LIST RETIRED Unweighted Base 200 % Base: 368 Extremely likely 3 Very likely 8 Moderately likely 15 Not very likely 18 Not at all likely 52 Not sure/ Don t know 3 Refused EX/V LIKELY 10 NOT LIKELY Puerto Rico Retirement & Financial Resilience Survey, FAL Page 7 of 20

8 MA QUESTIONNAIRE 1. Which one of the following best describes how well you are managing financially these days? Living comfortably Doing okay Just getting by Struggling Not sure/don t know Refuse COMFORTABLE/OKAY GETTG BY/STRUGGLG Which of the following did you, or your family living with you, experience in the past year? Lost a job Work hours and/or pay reduced Received a foreclosure or eviction notice Business you owned had financial difficulty Had a health emergency in the family Death of primary breadwinner Investments lost value Are you currently providing any financial support to SERT FROM LIST, ROTATE i. and ii. i. your adult children or grandchildren? ii. your parents? iii. Someone else? (SPECIFY) Your adult children or grandchildren Your parents Other family members Puerto Rico Retirement & Financial Resilience Survey, FAL Page 8 of 20

9 4. Do you currently receive any financial support from your children or grandchildren? Yes No Don t know Refused 5. Compared to five years ago (since 2011), would you say that you (and your family living with you) are better off, the same, or worse off financially? [IF BETTER OR WORSE:] And is that somewhat or much? Much better off Somewhat better off About the same Somewhat worse off Much worse off BETTER OFF WORSE OFF Think about the next generation of your family (e.g., your children, nieces, nephews, etc.). When they are your age, do you think that they will be better off, the same, or worse off financially than you are today? [IF BETTER OR WORSE:] And would that be somewhat or much? Much better off Somewhat better off About the same Somewhat worse off Much worse off BETTER OFF WORSE OFF Puerto Rico Retirement & Financial Resilience Survey, FAL Page 9 of 20

10 7. A. [IF S3=1,2,4 - FORCE] How much thought have you given to the financial planning for your retirement? B. [IF S3=3 - RETIRED] How much thought did you give to the financial planning for your retirement? A lot A fair amount Some A little None at all Don t know 1 2 Refuse A LOT OR FAIR AMOUNT OF PLANNG LITTLE OR NO PLANNG [IF S3=1,2,4 - FORCE ONLY] Thinking about your future, do you hope to be able to completely retire one day and not work either full-or part-time for pay? FORCE Unweighted Base 600 % Base: 432 Yes 65 No 28 I haven t thought about it 4 Not sure 2 Refused 1 9. [IF S3=1,2,4 - FORCE ONLY] Overall, how confident are you that you will be able to retire at some point and no longer work for money? FORCE Unweighted Base 600 % Base: 432 Extremely confident 4 Very confident 15 Somewhat confident 32 Not too confident 26 Not at all confident 21 Not sure/don t know 1 Refused 1 EX/V CONFIDENT 19 NOT CONFIDENT Puerto Rico Retirement & Financial Resilience Survey, FAL Page 10 of 20

11 10. A. [IF S3=1,2,4 - FORCE ONLY] People have different ideas about retirement, what age do you consider to be YOUR retirement age? B. [IF S3=3 - RETIRED] At what age did you retire? Less than 55 yrs to 64 yrs yrs. or more DO NOT EXPECT TO RETIRE 2 4 DON T KNOW REFUSE 1 1 Mean [IF S3=3 - RETIRED] Did you have to work longer than you expected to? RETIRED Unweighted Base 200 % Base: 368 Yes 22 No 78 Not sure Refused 12. [IF S3=1,2,4 - FORCE ONLY] Which one of the following best describes your plan for retirement? FORCE Unweighted Base 600 % Base: 432 I do not plan to retire 3 Gradually work fewer hours before I stop working altogether 13 Work full time then retire and stop working altogether 27 Retire from my current career and then find a different full-time job 1 Retire from my current career and then find a different part-time job 11 Retire from my current career and then work for myself 12 Keep working as long as possible 30 Other (please specify): Don't know Puerto Rico Retirement & Financial Resilience Survey, FAL Page 11 of 20

12 13. As you think about your finances in the future, how anxious do you feel about having enough money to live comfortably through your retirement years? Are you [READ EACH ANSWER CATEGORY]? Extremely anxious Very anxious Moderately anxious Not very anxious Not anxious at all Not sure/ Don t know Refused EX/V ANXIOUS NOT ANXIOUS Based on your current financial situation, what is the largest emergency expense that you could pay for right now using cash or money in your checking/savings account? (Without having to borrow or use a credit card.) Would you say READ LIST < $200 (Net) < $400 (Net) < $500 (Net) $100 or less $100 to $ $200 to $ $300 to $ $400 to $ $500 or more Don t know Refuse Mean $ $ $ Puerto Rico Retirement & Financial Resilience Survey, FAL Page 12 of 20

13 15. Which of the following categories, if any, are you saving for? Education (yours or someone else's) Retirement Your children Home purchase Some other significant purchase like a car or a trip To support my lifestyle and buy things that I want Pay off debts Unexpected expenses or emergencies Just to save Home improvements Other family members 1 None, am not saving 16. [IF S3=1,2 - EMPLOYED] Does your current employer offer any of the following ways to save for retirement or not? [IF S3=4 - UNEMPLOYED] Did your most recent employer offer any of the following ways to save for retirement or not? [IF S3=3 - RETIRED] Did your previous employer offer any of the following ways to save for retirement or not? A. A traditional pension plan that pays retirees a fixed amount during retirement based on a formula of salary and years of service? [IF NEEDED: It is not a 401(k) plan]. Yes No Don t know Refused Puerto Rico Retirement & Financial Resilience Survey, FAL Page 13 of 20

14 B. A 401k, 403b or other plan where you contribute a percent of your salary to invest for retirement? [IF NEEDED: in this type of plan the employee has an individual savings account set up in their name. The worker s contributions may be matched by the employer.] Yes No Don t know Refused 1 1 C. A SIMPLE I-R-A or S-E-P plan? [IF NEEDED: a SIMPLE IRA or SEP is a savings incentive plan that allows employers to contribute to a traditional IRA (Individual Retirement Account) or Annuity of an employee.] Yes No Don t know Refused A, 16B, 16C. Combining all the questions into one. Net access to any type of plan Defined Benefit Only Defined Contribution Only Both Neither/None Don t know 1 Refuse Puerto Rico Retirement & Financial Resilience Survey, FAL Page 14 of 20

15 17. [If Q16 B or C=1] Do/Did you make contributions to an account through this type of plan? Unweighted Base Base: Yes No Don t know Outside of anything offered by your employer, do you have any of the following other types of savings for retirement, or not? YES TO ANY (Net) A personal retirement savings account such as an Individual Retirement Account (IRA) or Roth IRA Personal savings account, brokerage account, or stock holdings Ownership of real estate or land that you plan to sell or rent to generate income in retirement Ownership of a business Other retirement savings None - Yes to None [IF S3=1,2 - EMPLOYED] Thinking about any retirement savings goal you may have for yourself, what percentage of your income do you strive to save for retirement each month? FORCE Unweighted Base 508 % Base: 384 0% 28 Less than 10% 16 10% to 19% 25 20% or more 19 Don t know 11 Refuse 1 Mean Puerto Rico Retirement & Financial Resilience Survey, FAL Page 15 of 20

16 20. [IF S3=1,2 & Q17=1 - EMPLOYED & Yes] And what percentage of your monthly income are you actually contributing to a retirement savings plan? FORCE Unweighted Base 508 % Base: 384 0% 81 Less than 10% 7 10% to 19% 8 20% or more 2 Don t know 2 Refuse Mean Have any of the following been a major obstacle for you personally when it comes to saving for your retirement years? Please tell me yes or no after each item. PROG - [ROTATE LIST] Facing a major health need or problem for yourself or a family member Paying for your children s education Not having money left over after paying bills Caring for an elderly or ill parent or relative Having a lot of debt to pay off Losing a job or taking a big pay cut Paying for your housing expenses Divorce [IF S3=3 - RETIRED] Since retiring, have you had to do any of the following for financial reasons? RETIRED Unweighted Base 200 % Base: 368 Borrow money 44 Default on bills 40 Get a reverse mortgage 5 Forgo medications 24 Reduce home energy usage 65 Reduce other utility costs such as telephone, TV or internet 59 Move in with family or friends Puerto Rico Retirement & Financial Resilience Survey, FAL Page 16 of 20

17 23. Do you agree or disagree with the following statement? Elected officials should support legislation that makes it easier for workers to save their own money for retirement. Is that strongly or somewhat? (SELECT ONE ANSWER) Strongly agree Somewhat agree Neither agree nor disagree 1 1 Somewhat disagree Strongly disagree Not sure/ Don t know Refused AGREE DISAGREE One way to help more puertorriqueños save for their futures is for the state to set up a retirement savings plan that would be available to all workers. More employees in the private sector and in small businesses would have the option to save for retirement automatically out of their regular paycheck. Participation would be voluntary and if someone chooses to participate, they could have the same retirement savings account at any job. Would you support or oppose this plan? Is that strongly or somewhat? (SELECT ONE ANSWER) Strongly support Somewhat support Neither support nor oppose Somewhat oppose Strongly oppose Not sure/ Don t know Refused 1 SUPPORT OPPOSE Puerto Rico Retirement & Financial Resilience Survey, FAL Page 17 of 20

18 25. If you had to cover the cost of providing care to an aging or elderly parent, spouse or other adult family member, how confident are you that you would be able to afford it? Are you READ LIST Extremely confident Very confident Somewhat confident Not too confident Not at all confident Not sure/don t know Refused 1 EX/V CONFIDENT EX/V/S CONFIDENT NOT CONFIDENT DEMOGRAPHICS D1. Do you own your home, rent, live with someone else or have some other living situation? Own Rent Live with someone else (family or friend) Other Refused D2. Please stop me when I say the highest educational level which you have completed: Elementary school High school Some college or trade school Bachelors' degree Graduate or Professional degree High School or Less At Least Some College Refused Puerto Rico Retirement & Financial Resilience Survey, FAL Page 18 of 20

19 D3. How many people, including adults and children, are living in your household? Include yourself. One (I live alone) Two Three Four Five Six 1 2 Seven or more Net Net Refused 1 Mean D4. What is your current marital status? Married Not married, living with your partner or significant other Separated or Divorced Widowed Or are you currently single and never married Not sure Refused D5. Are you or your spouse or partner currently a member of A-A-R-P? Yes No Don't know Refused 2016 Puerto Rico Retirement & Financial Resilience Survey, FAL Page 19 of 20

20 D6. Are you registered to vote? Yes No Not sure / Don t know Refuse D7. Which of the following categories represents your total household income before taxes? [IF NEEDED: "I just want to remind you that you are completely anonymous. We only use this information in aggregate form to ensure we have a representative group of puertorriqueños."] <$20K $20K<$40K $40K Under $10, At least $10,000 but under $15, At least $15,000 but under $20, At least $20,000 but under $25, At least $25,000 but under $30, At least $30,000 but under $40, At least $40,000 but under $50, $50,000 or more Don't know Refused Mean in $ $27,005 $31,740 $21,271 THANK AND CLOSE Puerto Rico Retirement & Financial Resilience Survey, FAL Page 20 of 20