National Conference on Public Employee Retirement Systems

The Voice for Public Pensions

Diane Oakley vs. Josh McGee of the Arnold Foundation

August 7, 2015

Diane Oakley, the Executive Director of the National Institute on Retirement Security (NIRS) rebukes Josh McGee of the Laura & John Arnold Foundation at the 2015 NCSL Legislative Summitt. McGee's new paper, "Defined Contribution Pensions are Cost Effective" claims that the cost effective nature of DB plans is not supported by empirical evidence, are driven by false assumptions, and ignore pension debt as a significant cost driver for DB plans. Click here to watch the video.