Miller: 401(k) friend or foe?

January 2009
Employee Benefit News;Jan2009, Vol. 23 Issue 1, p46
The article looks at a congressional hearing of the U.S. House Committee on Education and Labor held by Representative George Miller which focused on how to shore up retirement security amid the economic crisis. Professor Teresa Ghilarducci said the sooner they admit that their experiment with 401(k) accounts has failed, the sooner they can use subsidies efficiently. Her alternative is to establish guaranteed retirement accounts for workers. Miller said he does not support abolishing 401(k)s, moving the plans or changing their status.


Related Articles

  • RETIRE 401(K) SYSTEM? Frauenheim, Ed // Workforce Management;11/3/2008, Vol. 87 Issue 18, p1 

    The article discusses the reforms needed for the 401(k) system in the U.S. in the wake of the stock market collapse. It states that the 401(k) plans enable employees to sock away money on a pretax basis for retirement, but compared with traditional defined-benefit pensions, 401(k) plans transfer...

  • Proposal targets N.Y. pension gap. STEYER, ROBERT // Pensions & Investments;4/30/2012, Vol. 40 Issue 9, p8 

    The article describes a type of retirement account proposed by Teresa Ghilarducci of the Schwartz Center for Economic Policy Analysis that would provide retirement income to self-employed workers in New York City, as well as others in the city whose employers don't provide retirement benefits....

  • Moving Beyond 401(k) Plans. Brandon, Emily // U.S. News & World Report;Mar2009, Vol. 146 Issue 2, p70 

    An interview with economist Teresa Ghilarducci of the New School for Social Research is presented in which the economist discusses why people prefer 401(k) plans that involve mutual funds over investing in U.S. government assets. Ghilarducci suggests that workers saving for retirement keep their...

  • The Plan to Save Early Retirement. Regnier, Pat // Money;May2008, Vol. 37 Issue 5, p29 

    An interview with Teresa Ghilarducci, economist, about her book "When I'm Sixty-Four: The Plot Against Pensions and the Plan to Save Them" is presented. When asked why she doesn't agree with the idea for raising the retirement age to fix Social Security, she replies that the age will be raised...

  • Reforming Social Security to Increase Retirement Income. McGuinness, Kevin // Plan Advisor News;2014, p79 

    The article reports on developments of a U.S. Senate hearing to discuss Social Security reforms that could increase retirement income for workers. Chairwoman Teresa Ghilarducci of the Economics Department at the New School for Social Research in New York City has testified at the U.S. Senate...

  • 'The Most Dangerous Woman in America'. Lindorff, David // Retirement Income Reporter;Feb2009, Vol. 15 Issue 2, p11 

    The article focuses on the life and works of Professor Teresa Ghilarducci of New School of Social Research in New York. James Pethokoukis, a financial columnist at "US News" journal, has tagged Ghilarducci as the most dangerous woman in America. It emphasizes that Ghilarducci is a vocal opponent...

  • 401(K)s ALONE MAY NOT ADD UP.  // Workforce Management;9/8/2008, Vol. 87 Issue 14, p10 

    An interview with author Teresa Ghilarducci is presented. Ghilarducci states that the 401(k) plans fail as a means of accumulating assets for there is nor requirements for companies to automatically enroll their employees in the plan. Moreover, she believes that the best-in-class 401(k) plan...

  • Let's Teach Employees to Retire. Raphael, Todd // Workforce;Feb2002, Vol. 81 Issue 2, p80 

    Focuses on problems involving the 401(k) system for U.S. employees in 2002. Lack of participation by some employees; Importance of saving more for employee retirement.

  • Two's A Crowd For One-Person 401(k)s. Bell, Allison // National Underwriter / Life & Health Financial Services;2/4/2002, Vol. 106 Issue 5, p42 

    Discusses problems associated with the one-person 401(k) retirement plans in the United States. Benefit of the plans to the owners of some one-person businesses; Impact of the Economic Growth and Tax Relief Reconciliation Act of 2001 on the plans; Type of business ownership which are candidate...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics