The Automatic Revolution: Changing How America Saves

Date: June 10, 2008

Location:
The National Press Club
529 14th St NW

Washington, DC 20004

Description:

Pew is no longer active in this line of work, but for more information visit the Retirement Security Project on PewHealth.org.

Ten years ago, the US Treasury Department first announced that automatic saving mechanisms (such as “opt out” 401(k) plans) were legal.  In the ensuing decade, the structure of 401(k) plans has shifted dramatically to embrace automatic features.  The conference will highlight the implications of these changes for American workers and companies and the prospects for the future, through presentations and discussions with leading practitioners, policy makers and researchers.

“The Automatic Revolution:  Changing How America Saves”
June 10, 2008
8:00 a.m. – 3:00 p.m.
Ballroom, The National Press Club
Washington, DC


Conference Agenda
8:10-8:15                    Welcome
                                   William G. Gale, Director, The Retirement Security Project

8:15-8:30                    Opening Remarks by the Honorable Jeff Bingaman (D-NM)
                                   United States Senate

8:30-9:00                    Address by the Honorable Anna Escobedo Cabral
                                   Treasurer of the United States

9:00-10:00                  Automatic 401(k)s: Moving in the Right Direction
                                    
                                   Moderator
                                   J. Mark Iwry, Principal, The Retirement Security Project

                                   Panelists
                                   Gregory T. Long, Executive Director, Federal Retirement Thrift Investment Board

                                   Terri Hill, Executive Vice President and Chief Administrative Officer, Nationwide

                                   Mike Butler, Senior Vice President, Compensation and Benefits
                                   Cablevision

10:15-11:30                Pursuing Universal Retirement Security through Automatic IRAs           
                                   
                                   Moderator
                                   David C. John, Principal, The Retirement Security Project

                                   J. Mark Iwry, Principal, The Retirement Security Project

                                   Speaker
                                   Tim Jones, Chief Executive, Personal Accounts Delivery Authority, United Kingdom

                                   Panelists
                                   Roger Campos, President and CEO, Minority Business Roundtable

                                   Dr. Thomas Nelson, Chief Operating Officer, AARP

                                   TBD, Prudential Financial (invited)

11:30-12:30                Expanding Lifetime Income Options
                                   
                                   Moderator
                                   William G. Gale, Director, The Retirement Security Project

                                   Panelists
                                   Jane Bryant Quinn, Contributing Editor, Newsweek
                                   
                                   Dr. Olivia Mitchell, Professor, Wharton School of the University of Pennsylvania

12:30-2:00                  Lunch and Retirement Policy Outlook

                                   Moderator
                                   John Ydstie, Correspondent, National Public Radio

                                   Panelists
                                   Dr. Peter Orszag, Director, Congressional Budget Office

                                   Dr. Martin Feldstein, President and CEO, National Bureau of Economic Research
                                   and George F. Baker Professor of Economics at Harvard University
                                                                       
2:00-3:00                    Presidential Candidate Session

                                   Panelists
                                   Representative of Senator John McCain

                                   Representative of Senator Hillary Clinton

                                   Representative of Senator Barack Obama (invited)

To RSVP to this event, please call the Brookings Office of Communications at 202.797.6105 or visit http://onlinepressroom.net/brookings/new

If you have any questions regarding the event, please contact Jaime Matthews at jmatthews@brookings.edu or 202.741.6524

About the Retirement Security Project (www.retirementsecurityproject.org)
The Retirement Security Project is supported by The Pew Charitable Trusts in partnership with Georgetown University’s Public Policy Institute and the Brookings Institution. It is directed by William Gale, also Director of Economic Studies and Co-Director of the Tax Policy Center at The Brookings Institution; with Principals Mark Iwry, Non-Resident Senior Fellow at the Brookings Institution and David C. John, Senior Research Fellow in Retirement Issues and Financial Institutions at the Heritage Foundation.

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