Highlights from the PRC Spring Symposium: Public Debt and the Future of Saving and Investment

A group of people seated in a conference room facing a large presentation screen displaying a graph and text.

Hosted by Olivia S. Mitchell and Nikolai Roussanov, Wharton’s Pension Research Council held its annual Spring Symposium in May of 2026, bringing together leading academics, Industry experts, and policymakers to explore the rise of public debt and how it shapes saving, investments, and retirement. Presentations covered the federal debt, social security, investment trends, and retirement wellbeing. Read More

How Annuities Can Enhance Retirement

A torn piece of paper revealing part of a Benjamin Franklin portrait from a US hundred-dollar bill. Text reads "How Annuities Can Enhance Retirement," with "News from the Pension Research Council" in the corner.

In a research paper (Jan. 2023), co-authors Vanya Horneff and Raimond Maurer from Goethe University at Frankfurt, and Olivia S. Mitchell from Wharton underscore the value of integrating deferred income annuities into retirement plans. Their study suggests that waiting until age 70 for Social Security benefits, alongside the SECURE 2.0 Act’s emphasis on annuities, can significantly enhance retirement welfare. This highlights a valuable strategy for retirees to optimize their benefits and improve financial security. Read More