Kill The 401(k)?

摘要

Tersa ghilarducci has always had more interesting-and controversial-things to say than your average retirement-policy wonk. An economist who moved this year from the University of Notre Dame to the New School for Social Research in New York City, she has railed for years against the decline of the traditional pension. She recently wrote abook subtitled The Plot Against Pensions and the Plan to Save Them; the less contentious main title is When I'm Sixty-Four. Still, as she sat at the witness table on Oct. 7 at a hearing of the House Conv mittee on Education and Labor, running through the litany of what's wrong with the 401(k) and other defined-contribution retirement plans-they have high fees, for one-Ghilarducci didn't think she was courting controversy.