Lifetime Income Risk Joint Task Force

The Lifetime Income Risk Joint Task Force was formed to address the risks and related issues of inadequate guaranteed lifetime income among retirees. This issue has become more important as defined benefit plans are becoming less common and retirement plans are increasingly contribution oriented, such as 401(k) plans. The goal of the task force is to educate the public, financial advisors, employers, the media, lawmakers, and regulators on the risk of inadequate guaranteed lifetime income. This is a joint task force of the Life and Pension Practice Councils and is co-chaired by representatives from the two councils.

Staff liaison: Ian Trepanier

Chairpersons: Tonya Manning, Noel Abkemeier
Nancy Bennett
Bruno Caron
John Esch
Andy Ferris
Debra Fickett-Wilbar
Andrew Forgrave
C. David Gustafson
Jeffrey Harper
Scott Japko
Novian Junus
Chris Kinnison
Ellen Kleinstuber
Barbara Lautzenheiser
Cynthia Levering
Andrew Peterson
James Shake
Mark Shemtob
Scott Sherman
Kenneth Steiner
Steven Vernon
Zorast Wadia
Benjamin Yahr

Related Publications

Academy Position Statement on support for policy and educational initiatives to increase retirement income options within employer-sponsored defined contribution (DC) plans. (October 31, 2017)
Lifetime Income Risk Joint Task Force comment letter to the Department of Labor concerning proposals for increasing retiree income options, with a focus on additional safe harbors that encourage delivering lifetime income.
(August 19, 2016)
Lifetime Income Risk Joint Task Force issue brief explaining general retirement planning considerations. (October 22, 2015)
Lifetime Income Risk Joint Task Force issue brief intended to give a high-level perspective on a few key risks and aspects related to lifetime income. (October 22, 2015)
Lifetime Income Risk Joint Task Force issue brief in the Risky Business series exploring legislative and regulatory approaches that emphasize financial literacy and education for prospective retirees, refocusing plan design on lifetime income needs, and refocusing federal retirement policies to support lifetime income needs. (October 22, 2015)
Lifetime Income Risk Joint Task Force issue brief in the Risky Business series providing actuarial insights regarding lifetime income planning. (October 22, 2015)
Lifetime Income Risk Joint Task Force issue brief in the Risky Business series explaining how a retiree can use the concept of “risk sharing” to help manage longevity risk through lifetime payout options and individual annuities, as well as other approaches to lessen risk. (October 22, 2015)
Lifetime Income Risk Task Force comments to the Department of Labor regarding the proposed regulations defining fiduciaries and conflict of interest.
(July 20, 2015)
Presentation to the NAIC ERISA Retirement Income Working examining the financial risks of increased lifespans and the needs for retirees to secure lifetime income.   (August 24, 2013)
Capitol Hill briefing presentation that examines the financial risks of increased lifespans and the need for retirees to secure lifetime income. (June 27, 2013)
Discussion paper by the Lifetime Income Risk Joint Task Force that examines the importance of a secure income that lasts an entire lifetime. (June 19, 2013)
Joint Task Force Releases Discussion Paper on Lifetime Income
Task Force Submits Comments on Proposed DOL Fiduciary Rule
Task Force Releases Issue Briefs on Lifetime Income Considerations
Lifetime Income Risk Joint Task Force Comments to DOL on Lifetime Income Options
Academy Announces Position Statement on Lifetime Income