She wants you in 401(k)s
Columbia economist makes the case for ending defined benefit pensions and putting all public sector employees into 401(k)’s where each person assumes all the risk. That could mean bad news when you retire. Here’s one of the comments which make for good talking points against her argument.
“Actually we can blame Wall Street. The very idea that there should be any risk in a pension account at all is due to wall street’s push to get cash from retirement accounts into their casinos. It’s difficult to find fault with finance if the argument begins by accepting the world view advocated by financial institutions. (Posted by brianpforbes). Read the entire article.