Tuesday, October 26, 2010

Groundwork for an Assault on Individually Administered 401k's and IRA's

Here's the invitation going out, which is sure to be early stage plotting for more government control of private retirement accounts as a prelude to a bailout of bankrupt pension funds. 

Demos, the Economic Policy Institute, the Schwartz Center for Economic Policy Analysis at The New School and the Pension Rights Center invite you to:


The Failure of the 401(k):
Reinventing Retirement Savings Plans For a More Secure Future

November 10th, 2010
4:30 - 5:30 PM

Capitol Visitors Center, SVC 203-02
Washington, DC

Light snacks will be served.

RSVP is required by Monday, November 8th.
 
Join Demos, the Economic Policy Institute, the Schwartz Center for Economic Policy Analysis at The New School and the Pension Rights Center for a hill briefing to discuss how 401(k)-type retirement savings plans have failed our nation's workers and families, key principles that should guide sensible reforms to our nation's retirement system, and various proposals under consideration. This event coincides with the release of a new report by Demos on the failures of the 401(k) system and with and an expanded and updated EPI report on Guaranteed Retirement Accounts
 
Moderator :

Dr. Teresa Ghilarducci
Director, Schwartz Center for Economic Policy Analysis at The New School

Speakers :

Karen Friedman
Executive Vice President & Policy Director, Pension Rights Center

Robert Hiltonsmith
Policy Analyst, Economic Opportunity Program at Demos

Monique Morrissey
Economist, Economic Policy Institute

(Thanks to M. Siegel)

3 comments:

  1. Reparations! Redistribution!

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  2. I had an idea a minute ago on how this is going to happen. I was reading an article on just how pathetically insolvent the FDIC is, including their shell game of fulfilling liabilities from current failures with the assets and incoming cash from newer ones.

    Any day now the FDIC damage control team could be overwhelmed by reality, and find that there are no more lifelines available. And although its SPIC that's supposedly on the hook for retirement accounts, no one will stand in front of an emergency demand for trillions to keep the banking system operating.

    Retirement fund "owners" will receive little promissory notes similar to what Social Security is holding in some file cabinet in return for the funds seized. Current retirees will be taking rides to the bank every day to get their allowed dole similar to the way that bank account holders did in the 30s.

    Tell me I'm wrong.

    ReplyDelete
  3. A 'Pension Rights Center'? Checked out their cartoonish web site and surprise, surprise, they're pusing for more goverment-controlled pension plans. Guess they haven't heard about how that SSI thing is really panning out.

    ReplyDelete