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Can We Afford Public Pensions?

Can We Afford Public Pensions?

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Diane Oakley, Executive DirectorNational Institute on Retirement Security
Diane Oakley, Executive DirectorNational Institute on Retirement Security

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Categories:Types, Research
Published by: National Press Foundation on Apr 08, 2013
Copyright:Attribution Non-commercial

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04/15/2013

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Retirement Issues 2013National Press FoundationWashington, D.C.
April 8, 2013Diane OakleyExecutive Director National Institute on Retirement Security
Can We Afford Public Pensions?
www.nirsonline.org
 
 
Overview
State of U.S. Retirement
Economics of Pensions
Close Up on Public Pensions
2
 
The Quiet Crisis:Retirement Deficit
Massive wave of Baby Boomers retiringand majority ill-prepared, especially lateboomers.
Insufficient 401(k) savings, privatepensions disappearing, Social Securitycuts, plus increase healthcare costs.
Half workforce has no workplaceretirement plan
 –
women and minoritiesparticularly vulnerable.
What are costs of broken system?Financial strains on families to supportparents, pressure on public assistance,reverting to elder poverty.
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