Pension Research Council News

Secure 2.0 permits employers to give matching retirement contributions when employees make qualified student loan repayments. This can attract and retain better workers, according to Wharton Professor Olivia S. Mitchell, via Investopedia.com. Read More

The 2024 Pension Research Council symposium explored how behavioral factors and financial literacy shape retirement planning, saving, and spending. Read more here. Read More

In this article, Wharton Professor and CEPAR Partner Investigator Olivia S. Mitchell discusses longevity risks in aging societies and how financial literacy shapes their well-being in later life. Deferred annuities can help protect lifetime income. Read More

At an ERISA Advisory Council hearing for the Dept. of Labor, experts recommended including annuities in defined contribution plans to hedge against longevity risk. Olivia S. Mitchell, a Wharton School professor, supported a default annuity structure that begins payments later in life to simplify financial decisions for older participants. Read More

New NBER/PRC study shows SECURE 2.0 rule letting firms match student loan payments with retirement contributions boosts loan repayment and builds retirement savings. Wharton Prof. Olivia S. Mitchell predicts the program to be attractive for higher-skilled. Read More

The top financial regrets of older Americans? Not saving enough, retiring too early, and not buying long-term care insurance. Also, many regret not purchasing annuities and claiming Social Security too early. Insights from Abigail Hurwitz and Olivia S. Mitchell emphasize the importance of proactive financial planning. Read more here.   Read More