Ghilarducci, Teresa


Teresa Ghilarducci is the Director of the Schwartz Center for Economic Policy Analysis at The New School for Social Research.

Providing All Californians with Retirement Security

By Teresa Ghilarducci
The New School for Social Research

In the past decade the number of California workers with access to a retirement plan at work has plummeted. A recent study by The New School’s  Schwartz Center for Economic Policy Analysis (SCEPA) shows that in 2009, 52.3% of California’s workers did not have access to an employer-provided retirement plan—representing a 6.5% rise over the previous decade in workers without pension access.

This increase poses a danger to the broader economy, which will suffer the destabilizing effects of mass retirement insecurity. Legislators can address this looming crisis with a fair, low-cost solution: opening existing, well-managed retirement systems to private sector employees.