Can America Afford to Retire?

Can America Afford to Retire?

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America's pension shortfall for defined benefit plans alone is estimated to be as high as $7.5 trillion across government and corporate pensions. And the outlook for the alternative of defined contribution plans is equally dire. Only 65 percent of private-sector workers have access to such plans, and only about half contribute. Given that many experts question the feasibility of pension plans to persistently return 6 percent to 8 percent, what can be done to address their shortfalls? What solutions are available for workers not covered by workplace plans? Will new innovative models provide states with a solution? Ultimately, how will the nation save retirement?

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Moderator

Josh Barro
Business Columnist, New York Magazine; Host of Left, Right & Center, KCRW

 

Speakers

Andrew Biggs
Resident Scholar, American Enterprise Institute

 

Marcie Frost
CEO, CalPERS

 

Jarvis Hollingsworth
Chair, Board of Directors, Texas Teachers' Retirement System

 

Dan Houston
Chairman, President and CEO, Principal Financial Group

 

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Published May 3, 2019