Connecticut teachers and other state workers were ripped off when they were sold 401 K retirement plans. The old plans worked better. Now what? Scholars at state universities form group to take on retirement fund rip off.
James W. Russell is author of six books including, Class and Race Formation in North America and Double Standard: Social Policy in Europe and the United States.
Produced by Dori Smith
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music by Fritz Heede
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This is part one. See part two as we hear more about the Alternate Retirement Fund crisis in Connecticut, and how it applies nationally. It's about AIG, executives and others at retirement fund management level who sucked out the profits, and thousands who lost the ability to retire. What does this mean for CT and the nation? For one thing a population of aging teachers and other workers who will try to stay in their jobs for as long as humanly possible. What happens to the younger generation that must now wait for these jobs?
Scholars look at ways out of the morass created by retirement fund sales men.
