A couple weeks ago I joined a panel hosted by the Albert Shanker Institute and the American Federation of Teachers on the question of, "Is There a Pension Crisis?" I was joined on the panel by Teresa Ghilarducci, the Bernard L. and Irene Schwartz Chair in Economic Policy Analysis and director of the Schwartz Center for Economic Policy Analysis at The New School; David Cay Johnston, a professor of business, tax, and property law at Syracuse University College of Law and a former New York Times Pulitzer Prize-winning investigative reporter; and Dan Pedrotty, the manager for research and strategic initiatives department at the American Federation of Teachers.
My basic message was that a "crisis" is in the eye of the beholder, but teachers are paying the ultimate costs of our current system through lower base salaries and poor retirement security. I've uploaded a video of my presentation below:
To watch all all of the presentations and the Q and A or to download our PowerPoint files, please visit the Shanker Institute event page.