2014 Symposium: Reimagining Pensions: The Next 40 Years, May 1-2

About the Conference

Forty years after the passage of the US Employee Retirement Income Security Act (ERISA) of 1974, confidence in retirement systems is shakier than ever. This event examined opportunities and challenges for the future of retirement security, with speakers discussing the adequacy, efficiency, equity, and stability of our current retirement model. Participants  also proposed options for policy reform and examine new pension provision models including in the international sphere. Conference attendees included academics, actuaries, plan sponsors, benefits specialists, policymakers, and others concerned about pension provision for the future. This conference was co-hosted by Olivia S. Mitchell and Richard C. Shea at the Wharton School.

Conference videos may be found here.

Conference Agenda

Thursday, May 1, 2014

Introductory Remarks: Olivia S. Mitchell, The Wharton School

Session I: Today’s Retirement System: Adequacy, Equity, Efficiency, and Stability

Discussant: Cynthia Mallett, MetLife (video available here, presentation slides available here)

Session II: New Thinking about Retirement Risk Sharing

Discussant: Peter Shena, Ontario Pension Board (video available here, presentation slides available here)

Keynote Speaker: J. Mark Iwry, US Department of the Treasury (video available here)

Session III: Implications of the Regulatory and Fiscal Environment for the Future of Pensions

Discussant: Brian Ortelere, Morgan, Lewis & Bockius, LLP (video available here)

Session IV: Practicalities of New Plan Design

  • Don Fuerst, American Academy of Actuaries: “Retirement Shares Plan: A New Model for Risk Sharing” (presentation slides available here, paper available here)
  • David Richardson and Benjamin Goodman, TIAA-CREF Institute: “Back to the Future: Hybrid Co-op Pensions and the TIAA-CREF System” (presentation slides available here, paper available here)
  • Richard Shea, Covington & Burling LLP: “Portfolio Pension Plans” (presentation slides available here, paper available here)

Discussant: John (Jamie) Kalamarides, Prudential Financial (presentation slides available here)

Keynote Speaker: Phyllis Borzi, US Department of Labor

Friday, May 2, 2014

Session V: International Perspectives on Pension Reform

Discussant: Fredrik Axsater, State Street Global Advisors

Session VI: Roundtable

Richard Shea, Covington & Burling LLP – Moderator
Kevin Covert, Honeywell
Dallas Salisbury, EBRI
Alan Rubenstein, UK Pension Protection Fund