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Threats to Retirement Security: Longevity, Long-Term Care and Leakage

KEYWORDS: ALICE RIVLIN, COMMISSION ON RETIREMENT SECURITY AND PERSONAL SAVINGS, JIM LOCKHART, KENT CONRAD

WHEN: Thursday, November 20, 2014 5:00 a.m. to 6:30 a.m. ET

WHERE: Bipartisan Policy Center, 1225 Eye Street NW, Suite 1000, Washington, DC, 20005

Vanderhei Presentation Add to Calendar

Americans’ number one financial worry is their ability to prepare for retirement. While saving a sufficient amount is one major challenge, another is making those savings last through longer retirements, which may include the need for expensive long-term services and supports (LTSS).

BPC’s Commission on Retirement Security and Personal Savings and Long-Term Care Initiative jointly hosted an event to discuss how LTSS needs, the risk of outliving savings and pre-retirement withdrawals can make a financially secure retirement more difficult to achieve. The panel discussion also examined potential solutions to these problems, including expanded use of annuities and long-term care insurance and reforms to the public programs like Social Security and Medicaid that help mitigate these risks.

Follow the discussion on Twitter @BPC_Bipartisan #BPClive

Download and view Jack VanDerHei’s opening presentation slides


Opening Remarks by:

Jack VanDerhei
Research Director, Employee Benefit Research Institute

Remarks by Commission on Retirement Security and Personal Savings Co-chairs:

Senator Kent Conrad
Former Chairman, Senate Budget Committee

Honorable Jim Lockhart
Vice Chairman, WL Ross & Co
Former Deputy Commissioner and Chief Operating Officer, Social Security Administration

Remarks by Long-Term Care Initiative Co-chair:

Alice Rivlin
Senior Fellow, The Brookings Institution
Former Director, Congressional Budget Office and Office of Management and Budget

Panel discussion featuring:

Marc Cohen
Chief Research and Development Officer, Lifeplans

David John
Senior Strategic Policy Advisor, AARP
Deputy Director, Retirement Security Project, Brookings Institution

Anne Tumlinson
Independent Consultant

Christian Weller
Senior Fellow, Center for American Progress

Moderated by:

Larry Atkins
Executive Director, Long-Term Quality Alliance
President, National Academy of Social Insurance

Attached files