Description: Top down approach to retirement results in wasting the human capital of retirees. We should concentrate, instead on allowing our clients to use their human capital to the fullest extent possible, and structure retirement products around that premise.

Description: Current DC plans do an extremely poor job at managing investment and longevity risk for plan participants. This leads to suboptimal outcomes: retirement income is potentially too low, assets are subject to catastrophic losses and may even run out. Insurance solutions—most notably annuities—address some of these issues, but are expensive and not very much liked by consumers. This paper explores how Enhanced Risk Sharing Savings Accounts (“ERiSSA”), consisting of a combination of individual DC accounts with a collective risk sharing and return redistribution mechanism coupled with deferred annuities, might be able to strike a better overall balance for consumers.

Description: Hear from the staff fellow on themes in the May Retirement Section News published by the Retirement Section.

Description: An interview providing two retirement actuaries’ perspectives on a report that analyzes many different studies on retirement adequacy.

Description: Responding to Sandy Mackenzie's "Report", these comments primarily suggest additional disclosures for assessing public pension plan financial heath.

Description: The 2020 ERISA Advisory Council of the Department of Labor had a project on Considerations for Recognizing and Addressing Participants with Diminished Capacity. I delivered testimony to the ERSIA Advisory Council on this topic in September 2020. This article summarizes some key points from the testimony and also offers ideas for how employers can help employees and retirees deal with these issues. There are two different audiences that employers deal with as a result of diminished capacity – the individuals whose capacity is diminished, and those who help them.

Description: Phased retirement and longer work are growing more important. This article suggests a variety of public changes to improve opportunities and options.

Description: Interview with Liz Davidson, Founder and CEO of Financial Finesse.

Description: Feature article discussing the impact of the crisis that started in 2008 on pension plans and pension policies in a variety of countries.