Andrew Biggs, a resident scholar at the American EnterpriseInstitute, may not think there’s an impending retirement crisis, but the GovernmentAccounting Office begs to differ.

In a rebuttal in The Hill, Charles Jeszeck, director of the GAO,and Frank Todisco, chief actuary of the GAO, argue that in hisDec. 10 opinion piece on retirement issues,Biggs criticized two GAO reports and asserted that there is nolooming retirement crisis.

But Jeszeck and Todisco say they stand by their reports, oneissued in 2015 on the potential retirement security of nearretirees and the other issued in 2017 on the status of the nation’sretirement system, and say that further, Biggs’ “narrow focus ofthe opinion piece does not address the significant questions aboutthe future of the U.S. retirement system.”

Continue Reading for Free

Register and gain access to:

  • Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.