- Published on Monday, January 30, 2012
On January 26, 2012, SCEPA held a press conference to release the report "Are New Yorkers Ready for Retirement?" The report is the result of a collaborative project with the NYC Comptroller John Liu and is part of a series of reports by the Comptroller meant to shed light on the emerging retirement crisis.
See coverage from several news outlets:
New York 1 News / Money Matters on New York 1 News / Fox 5 News / Bloomberg News / NY Daily News / The Street / Benefits Pro / El Diario /
Sinovision / World Journal / Sing Tao / Brooklyn Daily Eagle / WBAI
"The deck is becoming increasingly stacked against New Yorkers in their efforts to retire," Teresa Ghilarducci said in a statement. "Fewer New Yorkers have access to the convenience and affordability of employer-sponsored retirement plans. More and more residents now face a choice between retiring into poverty or continuing to work in old age. Without significant policy reforms, the economic tea leaves foretell a decrease in the standard of living for retired New Yorkers."