Parrott Presentation: Confronting New York City’s Retirement Crisis

June 17, 2014. The New York City Central Labor Council and the Schwartz Center for Economic Policy Analysis at The New School sponsored a June 17 conference, Confronting New York City’s Retirement Crisis. FPI’s James Parrott made one of the opening presentations at the conference. Other speakers included State Comptroller Thomas DiNapoli, New York City Comptroller Scott Stringer, and New York City Public Advocate Letitia James, as well as leading labor union officials, union pension experts, and academic and finance sector experts. National retirement security expert Teresa Ghilarducci of the New School co-convened the conference together with Vinny Alvarez, President of the New York City Central Labor Council. Ghilarducci also moderated the two panel discussions. In his remarks, Parrott discussed the economic implications of the aging of New York City’s population and workforce, and he reviewed racial and economic disparities in retirement income sources for New York City’s elderly population.