AARP and EBRI Conference
The Employment-Based Pension System: Evolution or Revolution?
Ronald Reagan Building and International Trade Center
1300 Pennsylvania Avenue, NW
Washington, DC 20004
Monday, May 15, 2006
AARP and the Employee Benefit Research Institute (EBRI) held a one-day conference on the employer-based pension system. During this time, a number of nationally noted panelists discussed topics related to the changing nature of pensions and personal savings, the role of both employers and individuals in establishing retirement security, and potential systemic changes that could help more Americans achieve financial security in retirement.
Keynote Speaker: Hedrick Smith
Executive Producer and Correspondent, Hedrick Smith Productions
Mr. Smith spoke about his new PBS Frontline documentary "Can You Afford to Retire?"
Download Proceedings Summary (PDF)
Download Selected Conference Related Research (PDF)
Agenda
| 8:00-8:30am | Registration and Continental Breakfast |
| 8:30-8:45am | Review of Agenda / Remarks by Master of Ceremonies Dalmer Hoskins, AARP |
| 8:45-9:00am | Welcome and Opening Remarks Bill Novelli, AARP View Bill Novelli's opening remarks>> |
| 9:00 - 10:00am | Panel 1: A Race to the Door? The current state of employer-based pensions. View Panel 1 discussion>> Moderator: Dallas Salisbury, EBRI Download Dallas Salisbury presentation (PDF) Panelists: Clyde Beers, Towers Perrin; H. Carl McCall, Convent Capital, LLC; Gerald Shea, AFL-CIO *This panel provided a state of play today and focused on reasons for the DB decline; impact of FASB rules; state and local DB systems and the challenges they face; implication of current shifts and future income shortfalls. |
| 10:00-10:15am | Break |
| 10:15-11:15pm | Panel 2: Should Pensions Be Linked to Employment? View Panel 2 discussion>> Moderator: James Phalen, State Street Panelists: Michael Calabrese, New America Foundation; Ron Gebhardtsbauer, American Academy of Actuaries; David Wray, Profit Sharing Council (401k) of America Download Ron Gebhardtsbauer presentation (PDF) Download David Wray presentation (PDF) *The 2nd panel focused on where we are headed and whether the retirement security system needs to remain tied to employment. |
| 11:15 - 12:00 | Keynote Speaker (introduced by Dallas Salisbury) Hedrick Smith, Executive Producer and Correspondent, Hedrick Smith Productions - "Can You Afford to Retire?" View Hedrick Smith's keynote presentation>> |
| 12:00 - 12:45pm | Networking Lunch |
| 12:45-1:45pm | Panel 3: How Much and What Risk Should Individuals Bear? View Panel 3 discussion>> Moderator: Nancy LeaMond, AARP Panelists: Don Fuerst, Mercer HR Consulting; Jack VanDerhei, Temple University and EBRI Fellow; Steve Utkus, Vanguard Center for Retirement Research Download Don Fuerst presentation (PDF) Download Jack VanDerhei presentation (PDF) Download Steve Utkus presentation (PDF) *This panel focused on identifying the elements of DB plans we want to retain, discussing hybrid models as the way to do this, impact of longevity, and how to bring these models (expand coverage) to small/medium-sized employers. |
| 1:45-2:00pm | Break |
| 2:00-3:00pm | Panel 4: Solutions to expanding coverage and participation today View Panel 4 discussion>> Moderator: Charlie Ruffel, CEO of PLANSPONSOR Magazine Panelists: Peter Orszag, The Retirement Security Project; Mark Iwry, Brookings Institute; Joanna Rotenberg, McKinsey & Company; Nigel Waterson, UK’s Shadow Minister for Pensions - Conservative Spokesman for Older People Download Joanna Rotenberg presentation (PDF) * This panel focused on short-term/incremental changes to increase coverage, participation, accumulation and improve disbursement. It included coverage of auto 401(k) features and auto-IRA, as well as a need for better annuity products, etc. |
| 3:00-3:15 pm | Closing Remarks John Rother, AARP View John Rother's closing remarks>> |
Back to main conference page>>
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