An-Analysis-of-Options-to-Increase-Retirement-Security-for-New-York-City-Private-Sector-Workers_October_2016
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An-Analysis-of-Options-to-Increase-Retirement-Security-for-New-York-City-Private-Sector-Workers_October_2016
An Analysis of Options to Increase Retirement Security for New York City Private Sector Workers42644By The New York City Retirement Security study Gro An-Analysis-of-Options-to-Increase-Retirement-Security-for-New-York-City-Private-Sector-Workers_October_2016oup, As Commissioned by New York City Comptroller Scott M. stringerScott Evans, Office of the New York City ComptrollerDr. Teresa Ghilarducci, The New School for Social ResearchDr. David Laibson, Harvard UniversityDr. Olivia s. Mitchell, University of PennsylvaniaDr. Alicia Munnell, Boston CollegeDr An-Analysis-of-Options-to-Increase-Retirement-Security-for-New-York-City-Private-Sector-Workers_October_2016. Joshua Rauh, Stanford UniversitySusan Scheer, Office of the New York City ComptrollerDr. Stephen p. Zeldes, Columbia UniversityLegal counsel: DavidAn-Analysis-of-Options-to-Increase-Retirement-Security-for-New-York-City-Private-Sector-Workers_October_2016
Morse, Esq., K&L GatesContentsAcknowledgements........................................................4Introduction...................................An Analysis of Options to Increase Retirement Security for New York City Private Sector Workers42644By The New York City Retirement Security study Gro An-Analysis-of-Options-to-Increase-Retirement-Security-for-New-York-City-Private-Sector-Workers_October_2016.....................8Mechanisms.............................................................17Range of Options Considered............................................22Issues and Features....................................................31Specific Comblnatlons/Proposals............................ An-Analysis-of-Options-to-Increase-Retirement-Security-for-New-York-City-Private-Sector-Workers_October_2016............32Conclusions and Recommendations of the New York city Retirement Security Study Group..........................41Appendix: New York CityAn-Analysis-of-Options-to-Increase-Retirement-Security-for-New-York-City-Private-Sector-Workers_October_2016
Retirement Security Study Group Members........42An Analysis of Options to Increase Retirement Security for New York City Private Sector Workers3AcknoAn Analysis of Options to Increase Retirement Security for New York City Private Sector Workers42644By The New York City Retirement Security study Gro An-Analysis-of-Options-to-Increase-Retirement-Security-for-New-York-City-Private-Sector-Workers_October_2016f The New School for Social Research's Schwartz Center for Economic Policy Analysis and the Center for Retirement Research at Boston College for their support of this work.The Office of the New York City Comptroller also recognizes the contributions made to this report by; Susan Scheer. Associate Po An-Analysis-of-Options-to-Increase-Retirement-Security-for-New-York-City-Private-Sector-Workers_October_2016licy Director. Scott Evans. Deputy Comptroller for Asset Management and Chief Investment Officer for Nev/ York City's pension funds: David SaltonstallAn-Analysis-of-Options-to-Increase-Retirement-Security-for-New-York-City-Private-Sector-Workers_October_2016
. Assistant Comptroller for Policy: Alaina Gilhgo, First Deputy Comptroller; Sascha Owen. Chief of Staff. Kathryn Diaz. General Counsel: Zachary SchecAn Analysis of Options to Increase Retirement Security for New York City Private Sector Workers42644By The New York City Retirement Security study Gro An-Analysis-of-Options-to-Increase-Retirement-Security-for-New-York-City-Private-Sector-Workers_October_2016al Counsel; Stephen Giannotti. Deputy Chief Information Officer; Angela Chen. Senior Website Developer and Graphic Designer; Mikhail Radovilskiy. Audiovisual Technician: Archer Hutchinson, Graphic Designer: and Antonnette Brumhk. Website Administrator.4IntroductionTh© retirement security of American An-Analysis-of-Options-to-Increase-Retirement-Security-for-New-York-City-Private-Sector-Workers_October_2016 workers has generated considerable attention in recent years from academics, policymakers, the mainstream media, and. increasingly, the general publiAn-Analysis-of-Options-to-Increase-Retirement-Security-for-New-York-City-Private-Sector-Workers_October_2016
c. A consensus has emerged among key stakeholders that increasing retirement savings is an important goal. Less agreement exists about the best approaAn Analysis of Options to Increase Retirement Security for New York City Private Sector Workers42644By The New York City Retirement Security study Gro An-Analysis-of-Options-to-Increase-Retirement-Security-for-New-York-City-Private-Sector-Workers_October_2016.' To assess the scope of the problem. The New School for Social Research’s Schwartz Center for Economic Policy Analysis examined retirement plan eligibility for full- and part-time private sector workers in New York City between the ages of 25 and 64 Of these 2.5 million private sector workers. 1.5 An-Analysis-of-Options-to-Increase-Retirement-Security-for-New-York-City-Private-Sector-Workers_October_2016 million, or 58 percent, are uncovered and/or ineligible for a 401 (k) or other retirement plan through their employers or businesses Low-wage workersAn-Analysis-of-Options-to-Increase-Retirement-Security-for-New-York-City-Private-Sector-Workers_October_2016
, Hispanic and Asian workers, and those employed by firms with 10 or fewer employees were the most likely to lack access?Given both the potential budgAn Analysis of Options to Increase Retirement Security for New York City Private Sector Workers42644By The New York City Retirement Security study Gro An-Analysis-of-Options-to-Increase-Retirement-Security-for-New-York-City-Private-Sector-Workers_October_2016a significant public policy concern.5 Pursuing options for addressing the problem, the Office of the New York City Compưoller sought the input of academic and other experts on how to increase retirement savings for New York City workers currently lacking access to an employer-based plan.The members An-Analysis-of-Options-to-Increase-Retirement-Security-for-New-York-City-Private-Sector-Workers_October_2016of the New York City Retirement Security Study Group (RSSG) included:•Scott Evans, Chief Investment Officer of the New York City pension funds in theAn-Analysis-of-Options-to-Increase-Retirement-Security-for-New-York-City-Private-Sector-Workers_October_2016
Office of the New York City Comptroller, chaired the group;An Analysis of Options to Increase Retirement Security for New York City Private Sector Workers42644By The New York City Retirement Security study GroAn Analysis of Options to Increase Retirement Security for New York City Private Sector Workers42644By The New York City Retirement Security study GroGọi ngay
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