The Pension Research Council’s 2020 Symposium, “Managing Longevity Risk: New Roles for Public/Private Engagement,” cohosted by Wharton Prof. Olivia S. Mitchell and Surya Kolluri of Bank of America, was held online on May 7, 2020. Here are some of the highlights from the event.…Read More
RetireSecure Blog
The Pension Research Council’s curated blog features insights from the industry’s leading professionals.
Views of our Guest Bloggers are theirs alone, and not of the Pension Research Council, the Wharton School, or the University of Pennsylvania.
Coronavirus Recession Could Cut Social Security Benefits for Near-Retirees
The Coronavirus pandemic is hurting Americans’ retirement savings. How the Social Security benefit formula is computed could pose another threat to some near-retirees, says Andrew G. Biggs.…Read More
What’s Behind the Growth of Financial Wellness Programs
Many firms are starting to offer financial wellness programs to reduce employees’ financial stress and help them save for retirement, says James Mahaney.…Read More
Defined Contribution Pensions Left Behind
Many defined benefit pensions and investment companies are seeking sustainable investment options, while defined contribution plans lag behind, says Catherine Reilly.…Read More
Will the SECURE Act Open the Dam for Longevity Annuities?
Though favored by academics and policymakers, annuities are less popular than other retirement plan options. Yet the recent SECURE Act may change that, according to Matt Carey.…Read More
The Short Life and Untimely Death of the MyRA
A plan to fill the gaps in American’s pension system was kiboshed fewer than 18 months after launch. “The Short Life and Untimely Death of the MyRA” by Mark Iwry explains the proposal, its abrupt end, and where things might go next.…Read More
Perspectives on Social Security Projections
Social Security Projections evaluated by Diane Lim, Sophie Shin, and Kent Smetters. This study explores effects of key factors on potential reforms, using the Penn Wharton Budget Model.…Read More
Negative Interest Rates: Could It Happen Here?
In the summer of 2007, markets roiled as what would become a global financial crisis first started to manifest itself in U.S. capital markets. It was a time when risk models, designed for calmer times, could not capture the sheer magnitude of what lay ahead……Read More
Findings from the 2019 Social Security Advisory Board
Ron Gebhardtsbauer recently served on the 2019 Technical Panel for the Social Security Advisory Board, whose mission is to review the assumptions, methods, and presentation of material in the Social Security Trustees Report. Their Report represents the collected views of ten panelists……Read More
Retirement Savings as a Political Cudgel in the Debate over FTTs
A financial transaction tax (FTT) is exactly what it sounds like: a tax imposed on the exchange of all or certain types of financial instruments. A well-known example of such a tax is the British stamp tax—a modern version of the tax that contributed to the American independence movement. Recently, several prominent presidential candidates, including Bernie Sanders, Elizabeth Warren, and Kamala Harris, have called for such a tax……Read More