As more Americans are living longer, public-private partnerships can help strengthen their financial security in later life. Co-moderators Prof. Olivia S. Mitchell of Wharton and Surya Kolluri of Bank of America discuss the 2020 PRC symposium with Wharton Magazine which explored several such partnerships.…Read More
Long-term care in the United States has long been underfunded and had its problems ignored, which set the stage for COVID-19 infection and death in care facilities. Nora Super, Jason Davis, and Caroline Servat of the Milken Institute outline several public and private options to improve care financing, via the RetireSecure blog.…Read More
Lower returns, longevity risk make defined benefit pensions more challenging for employers to offer, but some plan sponsors are transferring these risks to (re)insurers, writes John Kiff at the RetireSecure blog.…Read More
COVID-19 fallout may deplete Social Security reserves sooner than expected, according to new research by the Penn Wharton Budget Model. Working longer can help, even just part-time, Wharton Prof. Olivia S. Mitchell says, via CNBC Make It.…Read More
Longer lives mean greater risk of outliving retirement savings, but public-private partnerships can help make up the shortfalls. Wharton Prof. Olivia S. Mitchell and Surya Kolluri of Bank of America co-hosted the Pension Research Council’s recent Symposium and outlined options with Knowledge@Wharton.…Read More
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
Many defined benefit pensions and investment companies are seeking sustainable investment options, while defined contribution plans lag behind, says Catherine Reilly.…Read More
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
Workers are living longer and electing to work longer, so retirement as a concept is becoming outdated for many. Employers must encourage us to remain engaged & offer flexible work options, explains Wharton Prof. Olivia S. Mitchell to John D. Stoll at the Wall Street Journal.…Read More
Professor Olivia S. Mitchell contends that deferred lifetime annuities encouraged by the SECURE Act will protect retirees from longevity risk: see here at the Philadelphia Inquirer and our paper here.
