Retirement Expert Warns US Facing a Crisis of More Seniors Living in Poverty

03/18/13 Robert Lorei
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Good afternoon, welcome to The Last Call. I’m Rob Lorei. Coming up today: retirement, Social Security, pensions and 401k’s.

In Tallahassee the new speaker of the house- Will Weatherford is pushing a plan to end defined pension benefits for new employees and replacing them with 401k’s. We’re going to talk with one of the country’s leading experts on retirement. Our guest is Teresa Ghilarducci, Chair of Economic Policy Analysis and director of the Schwartz Center for Economic Policy Analysis at New York's New School for Social Research. She’s the author of several books- including When I'm Sixty-Four: The Plot against Pensions and the Plan to Save Them.

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