Strengthening Retirement Saving: A Bipartisan Proposal

The National Center for Policy Analysis and the Brookings Institution will host a joint briefing to outline important pension reforms on which both right and left can agree. Empirical research has demonstrated the substantial value of automatic enrollment plans and diversified portfolios in defined contribution pension plans like 401(k)s and 403(b)s. To expand the use of plans with these features, the government should:

  • Remove obstacles to the adoption of automatic enrollment plans by clarifying that they are permissible under state labor laws.
  • Reform non-discrimination rules to provide preferential relief to plans that feature automatic enrollment and set an adequate minimum contribution rate.
  • Encourage firms to offer default investments in appropriate broadly diversified equity and bond index funds, including clarification that such investments satisfy fiduciary standards.

Hear from two leading Members of Congress on the status of pension reform legislation and hear key experts discuss the problems and solutions.

 

Moderated by:

THE HONORABLE

PETE DU PONT

Policy Chairman

National Center for Policy Analysis

THE HONORABLE ROB PORTMAN

R-Ohio

THE HONORABLE BENJAMIN CARDIN

D-Maryland

 

JOHN C. GOODMAN, Ph.D.

President

National Center for Policy Analysis

PETER ORSZAG, Ph.D.

Senior Fellow, Economic Studies

Director, Retirement Security Project

The Brookings Institution


 


For more information or to RSVP, please contact Anna Frederick at 202.628.6671 or anna.frederick@ncpa.org; Visit us online at www.ncpa.org.

 

The National Center for Policy Analysis is a public policy research institute founded in 1983 and internationally known for its studies on public policy issues. The NCPA is headquartered in Dallas, Texas, with an office in Washington