Rewriting Chile’s constitution could mean changes to the country’s fragile pension system. This may involve raising the retirement age, perhaps to 75 or 80, for those who have not been able to save for their old age, says Wharton Prof. Olivia S. Mitchell, via The Dialogue.…Read More
Many multiemployer pensions were already severely underfunded; the just-passed budget bill reduces penalties for employers withdrawing from those plans. Aharon Friedman believes potential consequences will be dire. Via the RetireSecure blog.…Read More
Recalibrating retirement planning for our times: Wharton Prof. Olivia S. Mitchell interviewed by Robert Powell, Jason Fichtner, & Anna Rappaport, discussing possible solutions. Via Retirement Management Journal.…Read More
The next US president faces an economic crisis with no quick solutions. Wharton Prof. Olivia S. Mitchell says that his first priority should be taking the COVID-19 pandemic seriously which will boost the economy, via Newsweek.…Read More
Peru’s Congress considers letting workers withdraw 100% of their pension savings, due to COVID-19 economic pressure. This would bankrupt the system and erode trust in government, notes Wharton Prof. Olivia S. Mitchell in the Financial Services Advisor. [PAYWALL]…Read More
Interest rates will likely remain very low for some time, so people will need to save more for retirement and probably work longer, says Wharton Prof. Olivia S. Mitchell, via the Wall Street Journal.…Read More
Better longevity risk and long term care data, information on delaying retirement, and making retirement saving more mobile across firms could strengthen retirement systems in a post-COVID world, says Wharton Prof. Olivia S. Mitchell in interview with Kerry Pechter at Retirement Income Journal.…Read More
“Building Better Retirement Systems in the Wake of the Global Pandemic”: Wharton Prof. Olivia S. Mitchell, Executive Director of the PRC, gives keynote presentation at the 2020 Conference of the Swedish House of Finance.…Read More
With high unemployment and economic uncertainty in the wake of the pandemic, more people may need to claim Social Security benefits earlier than they’d planned, weakening an already troubled system. Wharton Prof. Olivia S. Mitchell discusses with host Dan Loney on Wharton Business Daily how savers and policymakers can build a stronger system for the future.…Read More
401(k) Rothification (using after-tax, not pre-tax, money for retirement contributions) may seem like a boon to government in a time of soaring deficits and Social Security shortfalls, but this would lead many to save less and cut tax revenue in the long term, Wharton Prof. Olivia S. Mitchell explains to Knowledge@Wharton, discussing her recent study.…Read More
