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Financial Engines And The Pension Research Council Host Retirement Income Summit

Stocks in this article: FNGN

Financial Engines and the Pension Research Council (PRC) of the Wharton School today announced the agenda for the Financial Engines/PRC Retirement Income Summit, a daylong symposium taking place Oct. 4, 2011, in New York. The summit is designed to highlight the latest retirement income research by behavioral experts and economists, as well as the work and experience of thought-leaders in academia, plan sponsors, and leading legal and regulatory experts.

“The Baby Boom generation is facing retirement at one of the most challenging times in history,” explained Jeff Maggioncalda, president and CEO of Financial Engines. “The Retirement Income Summit provides an opportunity for policymakers, academics and employers to share ideas and shape solutions to address this need.”

Human Resource and Treasury executives from 27 large employers representing a cross-section of industries are expected to attend the Retirement Income Summit. The following distinguished speakers are scheduled to present at the event:

Michael L. DavisDeputy Assistant Secretary, Department of Labor

J. Mark IwrySenior Advisor to the Secretaryand Deputy Assistant Secretary for Retirement and Health Policy, Department of Treasury

Olivia S. MitchellExecutive Director, Pension Research Council, The Wharton School

Stephen ZeldesBenjamin M. Rosen Professor of Economics and FinanceGraduate School of Business, Columbia University

Christopher JonesChief Investment Officer, Financial Engines

Jason ScottManaging Director, Financial Engines Retiree Research Center

Topics to be discussed during the Retirement Income Summit include:

  • Regulators’ perspectives on retirement income in defined contribution (DC) plans
  • The nature of participant choice in DC plans
  • The role and perspective of plan sponsors in delivering retirement income solutions
  • How near-retirees make decisions around when to claim Social Security
  • Overcoming economic and psychological barriers to annuitization
  • What issues the next generation of retirement income solutions need to address

“As economic challenges continue, Americans are worried about the quality of their retirement years and not outliving their savings,” said Olivia S. Mitchell, executive director of the Pension Research Council. “Retirement security is one of the major challenges facing us as a nation and it’s heartening to see the great efforts being made to address the needs of retirees.”

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