From the article:The plan, based on a new retirement model created by New School economics professor Teresa Ghilarducci, would pool employee and employer contributions into a professionally managed, citywide retirement fund.Not a bad alternative at all if it is:1. an alternative and not mandatory2. Has immediate vestment3. transparent4. regularly audited5. PortableMany 401ks are now offering targeted-date retirement funds so in that respect, employees can be a lot more lazy in selecting and managing their investments.The lead paragraph of this story makes no sense to me:She was always good about saving, but because of forced retirement at 62, the self-employed interpreter is now limited to a $500 monthly budget.Who faces forced retirement at 52 as a self-employed interpreter????Those few industries that have forced retirement are covered by government pensions so this story smacks as dishonest from the start.