The Pension Research Council at the Wharton School of the University of Pennsylvania is pleased to announce that Prudential Financial has renewed its membership with the Council as an Associate of the Council for 2019. Prudential Financial first joined the PRC as an Institutional Member in 1995.…Read More
News and Media
The Growing Pension Black Hole is Pulling Us All In
Public and private pension sinkholes are showing up all over the country, and we’re tumbling in. In Pittsburgh earlier this month, benefit cuts of 30 percent were announced for 21,000 retirees from UPS and other shipping companies.…Read More
Pension Research Council Welcomes the International Foundation of Employee Benefit Plans as Associate Member
The Pension Research Council at the Wharton School of the University of Pennsylvania is pleased to announce that the International Foundation of Employee Benefit Plans (IFEBP) has rejoined the Council as an Associate of the Council for 2019. The IFEBP first joined the PRC in 2006 as an Institutional Member.…Read More
Pension Research Council Welcomes Bank of America Merrill Lynch as a Director Member
The Pension Research Council at the Wharton School of the University of Pennsylvania is pleased to announce that Bank of America Merrill Lynch has rejoined the Council as a Director member for 2019. Bank of America first joined in 2015.…Read More
Financial Industry Regulatory Authority (FINRA) Rejoins as Associate Level Member
The Pension Research Council at the Wharton School of the University of Pennsylvania is pleased to announce that the Financial Industry Regulatory Authority (FINRA) has rejoined the Council as an Associate Member for 2019. FINRA first joined the PRC in 2011.…Read More
Book Review: “Financial Decision-Making and Retirement Security in an Aging World”
Retirees face a declining defined benefit system (DB), at the same time as the average age of the U.S. population is rising, and many people are financially illiterate. Mitchell et al. (2017) focuses on a critical topic that does not receive enough consideration when advisors develop and implement financial planning paradigms. The book recognizes the interaction of capabilities, context, and tolls and discusses the aging brain, the use of advice, and other options for achieving goals and policy.…Read More
Mutual of America Joins the Pension Research Council
The Pension Research Council at the Wharton School of the University of Pennsylvania is pleased to announce that the Mutual of America Life Insurance Co. has renewed its membership as an Associate of the Council for 2019.…Read More
New from the Pension Research Council: How Persistent Low Returns Will Shape Saving and Retirement
Financial market developments over the past decade have undermined what was once thought to be conventional wisdom about saving, investment, and retirement spending. How Persistent Low Returns Will Shape Saving and Retirement explores how the weak capital market performance predicted for the next several years will shape pension saving, investment, and decumulation plans.…Read More
Interview with Professor Olivia S. Mitchell
Dr. Olivia S. Mitchell of the University of Pennsylvania’s Wharton School discussed her research interests, inspirations, and her views on the greatest challenges facing future retirees during an interview with Anita Mukherjee of the University of Wisconsin-Madison. Read the entire article here, or in the Journal of the Economics…Read More
Making Retirement a Gig for Life
How prepared are gig workers for retirement, and how can older Singaporeans steer clear of financial mistakes? CREA researchers considered these questions at a roundtable on ageing and financial preparedness.…Read More