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Pew is no longer active in this line of work, but for more information visit the Retirement Security Project on PewHealth.org.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