Retirement in the United States is in crisis. Many of us can feel the American Dream slipping away. Our ability as a nation to sustain our economy at a time when a record number of workers are entering their retirement years should be an important part of our national debate. Retirement security for all should be a national priority. To accomplish that, we need to propose and develop new and innovative solutions.
For the last 100 years public pensions have proven to be the most cost-effective vehicles for both taxpayers and pensioners to ensure a safe retirement. When properly funded by legislatures and employee contributions, these pensions are a model of how retirement policy can work at the national level.
Why does this matter? We believe retirement security for ALL Americans lies in a partnership between the public and private sectors. What works for some should work for all.