Andrew Biggs, a resident scholar at the American Enterprise Institute, may not think there’s an impending retirement crisis, but the Government Accounting 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 his Dec. 10 opinion piece on retirement issues, Biggs criticized two GAO reports and asserted that there is no looming retirement crisis.
But Jeszeck and Todisco say they stand by their reports, one issued in 2015 on the potential retirement security of near retirees and the other issued in 2017 on the status of the nation’s retirement system, and say that further, Biggs’ “narrow focus of the opinion piece does not address the significant questions about the future of the U.S. retirement system.”
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