Debunked Report on State Pension Funds Masks How “Wall Street’s Interests Conflict with Secure Retirement for Workers”
by Matt O'Connor on July 2nd“State pension plans are going broke, and only Wall Street can save us!” That’s the plain language translation of the recent projection by Northwestern University Assistant Professor Joshua D. Rauh. The plain language translation of an analysis of his paper commissioned by the National Association of State Retirement Administrators (NASRA) and outside experts: “Your facts are wrong, your assumptions are invalid, and your recommendations are unhelpful. Other than that, great report.” (more…)


