New School News

Teresa Ghilarducci Argues for Pension Reform in NY Times Op-Ed

Teresa Ghilarducci, director of the Schwartz Center for Economic Policy Analysis at The New School For Social Research, makes the case for expanding access to public employees’ pension funds in an op-ed in the March 16, 2012 New York Times.

Arguing against the trend in state legislatures of limiting pensions for state employees, Ghilarducci writes that, New York and other states could save millions of workers from impending poverty by creating public pensions for everyone., Citing the salutary, steadying effect reliable retirement funds have on the broader economy (find Ghilarducci’s study on that phenomenon here) she encourages state lawmakers to create modest, state-operated retirement program[s] financed by the workers and their employers., This system would both strengthen public funds and provide retirement security for all who choose to opt in.

Ghilarducci has been lauded by the White House, the Government Accountability Office and The New York Times, and is one of the nation’s most vocal advocates for retirement security. Her plan to create Guaranteed Retirement Accounts would help provide millions of people reliable retirement financing. To learn more about Ghilarducci visit her website and NSSR.

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