Teresa Ghilarducci, the new Director of the Schwartz Center for Economic Policy Analysis (SCEPA), was recently featured in Money Magazine for her cutting-edge proposal to restructure the United States’ retirement income security system.
Ghilarducci joined The New School and SCEPA this spring after 25 years as a professor of economics at the University of Notre Dame and 10 years as director of the Higgins Labor Research Center at the university.
Her new book, When I'm 64: The Plot Against Pensions and the Plan to Save Them, investigates the effect of pension losses on older Americans. Ghilarducci’s plan includes a mixed system composed of Social Security, employer defined-benefit pension plans, and a new type of personal retirement savings account known as a Guaranteed Retirement Account (GRA).
“Teresa Ghilarducci isn't one for conventional wisdom. In her upcoming book, "When I'm Sixty-Four: The Plot Against Pensions and the Plan to Save Them," the New School University economist argues that a rich nation ought to be able to ensure a secure old age. And she has a radical proposal for making that happen.” Money Magazine, April 23, 2008