Retirement Security for All: A Forum on State Action
On September 14, 2012, the Pension Rights Center, the Schwartz Center for Economic Policy Analysis (SCEPA), and Dēmos hosted a forum at the New School for Social Research in New York City on expanding private-sector retirement plan coverage at the state level. The forum brought together state officials with experts from Capitol Hill and a variety of organizations to discuss proposals for state-administered retirement plans for private-sector workers and to share strategies for moving these proposals forward.
(Photos courtesy of Andrew Hill, Office of the New York State Comptroller)
Participants included California Senator Kevin De León, New York State Comptroller Thomas DiNapoli, New York City Comptroller John Liu, Pennsylvania State Treasurer Rob McCord, Steve Toole from the North Carolina Department of State Treasurer, Rhode Island Deputy Treasurer Mark Dingley, congressional staff, and representatives from the following organizations:
American Federation of State, County and Municipal Employees (AFSCME)
Center for Economic Organizing
Economic Opportunity Institute
Economic Policy Institute
Gerontology Institute at UMass-Boston
Lake Research Partners
National Conference on Public Employee Retirement Systems
National Council of La Raza
Pension Rights Center
Schwartz Center for Economic Policy Analysis
Service Employees International Union (SEIU)
View the forum agenda [PDF], read our fact sheet on legislation to create state-administered retirement plans for the private sector, and read our joint press release with SCEPA on the enactment of legislation in California.
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Did You Know?
A defined benefit plan is a pension plan, usually funded entirely by employer contributions, that pays benefits according to a formula. The formula is typically based on the participant's wages or salary and length of time spent working for an employer or group of employers. Defined benefit plans are also known as traditional or guaranteed pensions.