It’s been a big struggle to convince many Americans to participate in a 401(k) and other retirement savings plans. Now, the next great challenge may center on what is known as lifetime income – ensuring that participants can make their savings last for the rest of their lives. What can plan sponsors and servicers do to help Americans find solutions for their regular income needs in retirement? What policy tweaks can government officials make?
A distinguished panel of academic, industry, and policy experts offered their perspectives and insights.
Welcoming remarks from:
James B. Lockhart III
Vice Chairman, WL Ross & Co.
Co-Chair, BPC Commission on Retirement Security and Personal Savings
Chief Executive Officer
Panel discussion with:
Katharine G. Abraham
Professor of Economics and Survey Methodology
University of Maryland
William G. Karnes Professor of Finance, Director of Center for Business & Public Policy
University of Illinois
Hon. Josh Gotbaum
Guest Scholar, Economic Studies
Executive Vice President, Investment Product Development and Risk Management
Fidelity Investments Life Insurance Company
Allison R. Klausner
Assistant General Counsel – Benefits
Honeywell International Inc.
Senior Policy Analyst
Bipartisan Policy Center