The Retirement Practice Council and Pension Committee responded to a request for information (RFI) by the majority staff of the U.S. Senate Health, Education, Labor, and Pensions (HELP) Committee regarding ways to bolster the defined benefit pension system.
()The Pension Committee released an issue brief, Aligning the PBGC’s Single-Employer Premium Structure With Its Objectives, which discusses options for modifying the Pension Benefit Guaranty Corporation’s (PBGC) single-employer premium structure to better support the single-employer defined benefit system, while preserving a strong level of retirement security. For more information, read here.
()Issue brief authored by the Lifetime Income Joint Risk Committee considering Experience-Sharing Lifetime Income (ESLI), a retirement income approach that shares features of both lifetime annuities and structured drawdowns.
()Comment letter from the Pension Committee and Retirement Policy and Design Evaluation Committee on provisions included in the Securing a Strong Retirement Act of 2022 (SECURE 2.0), the EARN Act, and the RISE & SHINE Act.
()Series of Retirement System Assessment and Policy Committee issue briefs published between July 2019 and March 2022 laying out guiding principles for a comprehensive national retirement policy.
()Issue brief examining the potential impact of the SECURE Act on retirement security, developed by Academy Senior Pension Fellow in conjunction with members of the Retirement System Assessment and Policy Committee and chairpersons of the Lifetime Income Risk Joint Committee.
()Retirement System Assessment and Policy Committee issue brief considering potential ways to optimize portability and personal management of retirement assets, income, and benefits.
()Academy Essential Elements paper on creating a national retirement policy, outlining the ways in which a comprehensive national retirement policy could potentially address concerns about retirement security in the United States. Essential Elements is a series designed to make actuarial analyses of public policy issues clearer to general audiences.
()Pension Committee comment letter to the Actuarial Standards Board regarding the second exposure draft of the Setting Assumptions ASOP.
()Social Security Committee issue brief on 2019 Social Security Trustees Report examining the program’s long-term solvency issues and recommending that Congress should act soon to improve the long-term financial outlook of the program.
()Pension Committee comment letter to ASB on fourth exposure draft of the Modeling ASOP.
()Intersector group notes of its March 2019 meeting with the Treasury Department and Internal Revenue Service.
()Lifetime Income Risk Joint Committee, Retirement System Assessment and Policy Committee (RSAP) and Social Security Committee comment letter to the Bipartisan Policy Center on the 2016 Report of the Commission on Retirement Security and Personal Savings.
()Pension Committee practice note discussing the valuation of lump sum benefits for financial accounting purposes. ()
Retirement System Assessment and Policy Committee comment letter to the Department of Labor's proposed rule on the Definition of Employer under Section 3(5) of the Employee Retirement Income Security Act (ERISA). ()
Academy Pension Vice President letter to U.S. House members on The Retirement, Savings, and Other Tax Relief Act of 2018 ()
Intersector group notes of its April 2018 meeting with the Treasury Department and Internal Revenue Service. ()
Retirement System Assessment and Policy Committee letter to Congress on the Retirement Enhancement and Savings Act of 2018. ()
Intersector Group notes of its April 2018 meeting with the Pension Benefit Guaranty Corporation.()
Ted Goldman, Senior Pension Fellow, testimony before the U.S. Department of Labor's Advisory Council on Employee Welfare and Pension Benefit Plans on "Lifetime Income Solutions as a Qualified Default Investment Alternative (QDIA) - Focus on Decumulation and Rollovers." Read Goldman's testimony and presentation slides.
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