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The Auto IRA: Strategies for Successful Implementation

The Auto IRA:
Strategies for Successful Implementation

Monday, October 26, 2009

President Obama has proposed and Congress is considering creating an Auto-IRA that would give millions of workers a new way to save for retirement. This forum focused on discussion of:

  • The impact of the Auto IRA—what contribution will it make to retirement security, especially for lower-income workers?
  • What can we learn from programs with similar goals in New Zealand and the UK?
  • Key implementation issues—how can we ensure that Auto IRA works well for workers, small business employers and financial industry stakeholders?

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Speakers at the forum included:

Goals for an Auto-IRA and Lessons Learned from Abroad

Janet McCubbin, Director of Economic Security, AARP Public Policy Institute (Moderator)
Eric Toder, Senior Fellow, Urban Institute
Diana Crossan, Retirement Commissioner, New Zealand
Caroline Rookes, Director, Enabling Retirement Savings Programme, Department for   Work and Pensions, UK

Implementing the Auto-IRA

Brian Graff, CEO, American Society of Pension Professionals and Actuaries (Moderator)
Denise Farris, Esq., Farris Law Firm and Member, Women Impacting Public Policy
David John, Heritage Foundation; Managing Director, Retirement Security Project
Michael Kiley, President and CEO, Plan Administrators, Inc

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