When labor economist Teresa Ghilarducci was in graduate school, she helped her mother’s union in Sacramento, Calif., negotiate a new pension plan.
Today, she is campaigning to get mandatory pensions for all Americans. The 64-year-old professor at the New School in New York City envisions a plan that would invest in professionally managed funds and bolt on top of workers’ Social Security accounts. She and Kevin Hassett, who headed President Trump’s Council of Economic Advisers, recently published a paper advocating for a program modeled after the Thrift Savings Plan for federal workers.
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