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?
Read a transcript of the event
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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