Retirement Policy

Long term retirement policy, including the effects of legislation and regulations on retirement benefits, and emerging issues affecting retirement plans.

Pension Plans Public Plans Subcommittee issue brief introducing the objectives and principles for funding pension plans for state and local government. (February 19, 2014)

Public Policy Monograph that introduces the foundational principles needed to examine retirement plans and policy proposals designed to provide a secure and sufficient retirement. (January 17, 2014)

Capitol Hill briefing presentation that introduces the foundational principles needed to examine retirement plans and policy proposals designed to provide a secure and sufficient retirement as part of the Academy’s Retirement for the AGES initiative. (January 17, 2014)

Letter to members of the U.S. House of Representatives regarding their request to make Generally Accepted Accounting Principles (GAAP) consistent with the pension funding rules in the Moving Ahead for Progress in the 21st Century Act (MAP-21). (January 8, 2014)

Intersector Group report to the Pension Practice Council containing notes from its March 2013 meeting with the Treasury Department and Internal Revenue Service. (December 20, 2013)

Intersector Group report to the Pension Practice Council containing notes from its September 2013 meeting with the Treasury Department and Internal Revenue Service. (December 20, 2013)

Intersector Group report to the Pension Practice Council containing notes from its March 2013 meeting with the Pension Benefit Guaranty Corporation. (December 20, 2013)

Intersector Group report to the Pension Practice Council containing notes from its September 2013 meeting with the Pension Benefit Guaranty Corporation. (December 20, 2013)

Pension Practice Council issue brief that examines the different measurements of the obligations of defined-benefit pension plans and discusses two common measurements for these plans: solvency value and budget value. (November 21, 2013)

Pension Committee comments to the Employee Benefits Security Administration (EBSA) regarding certain disclosures on the Annual Funding Notice for defined benefit plans. (October 3, 2013)

Pension Committee letter to the Pension Benefit Guaranty Corporation (PBGC) that supports the proposed regulations on premium rates, payment of premiums, and reducing regulatory burdens. (October 2, 2013)

Pension Committee comments to the Internal Revenue Service regarding the Annual Return/Report of Employee Benefit Plan (Form 5500) that focus on the electronic submission of data on Schedules SB and MB. (September 23, 2013)

Issue brief addressing the Pension Benefit Guaranty Corporation’s deficit in its single-employer program. The issue brief concludes that the agency’s methods and assumptions have produced a reasonable representation of the PBGC single-employer program’s current obligation and deficit. (August 22, 2013)

Pension Committee comments on Department of Labor’s advance notice of proposed rulemaking regarding pension benefit statement requirements under section 105 of the Employee Retirement Income Security Act of 1974. (August 7, 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)

Senior Pension Fellow Donald Fuerst’s testimony at a House Committee on Ways and Means, Subcommittee on Social Security, hearing that examines bipartisan proposals to adjust Social Security benefits and their impacts on the program’s solvency, finances, beneficiaries, workers, and the economy. (May 23, 2013)

Academy letter to the president and Congressional leaders that encourages them to appoint at least one qualified actuary to the newly-established Military Compensation and Retirement Modernization Commission. (April 22, 2013)

Pension Committee issue brief that recommends allowing private sector defined benefit plans to voluntarily raise their normal retirement age above 65 to align their plans with Social Security. (March 7, 2013)

Pension Committee comments to the Internal Revenue Service regarding notice requirements under section 101(j) of ERISA, as promulgated in Notice 2012-46. (February 5, 2013)