Tag: Social Security
In a recent editorial, The Wall Street Journal reports on state and local pension liabilities as a percentage of state GDP and concludes that politicians have made excessive pension promises. In fact, pension costs are going up, but the question is whether the rising costs are a result of benefit generosity or of underfunding. T…
They will ensure that uncovered workers have some savings and will teach us much. In a recent blog, my friend Andrew Biggs claims that “Auto-IRAs could hurt low-income workers.” My view is that – given the circumstances – state auto-IRA initiatives are a worthy experiment from which we can learn a lot. The motivation behind…
