Reading the Tea Leaves: Where is Retirement Policy Headed?
April 08, 2019 8:30 AM - 10:10 AM
Retirement-related legislation has not been a front-burner issue for quite some time, but we are seeing signs that retirement policy considerations are on the rise. As Baby Boomers continue to reach retirement-eligible ages, we should expect to see some interesting demographic and economic changes in our society. In the not-too-distant future, nearly 20% of our population will be over age 65.
Examples of legislation that have been proposed in recent months include: providing more individuals easy-access and incentives to save for retirement, helping retirees convert lump sums to lifetime income, loan programs to stabilize failing defined benefit plans, and offering employers fiduciary protections to encourage defined contribution innovations. In addition, the fate of many multiemployer pension plans may lie in the hands of policymakers in 2019, based on the deliberations of the Congressional Joint Select Committee on Solvency of Multiemployer Pension Plans.
At this session panelists address the various retirement proposals that have been raised, what may be in the pipeline, and how, if passed, the new retirement policy could influence the programs employers offer, how individuals save, and the financial security of future retirees. This includes an overview of the most recent developments relating to the multiemployer plan system, which could affect other stakeholders outside the multiemployer system.
- Session Category
- General Sessions
- EA Non-Core1.50