RETIREMENT 20/20 CALL FOR MODELS

The Society of Actuaries Pension Section Council has announced a call for models to solicit ideas for new tier II retirement systems that align with the principles outlined in its Retirement 20/20 initiative. The Pension Section encourages submissions either by individuals or organizations for new tier II retirement systems that fit within the context of the social insurance system, culture, work patterns and social values in Canada and/or the United States. In addition, the section plans to support this call for models by awarding cash prizes for the top qualified submissions.

Read Constructing New Retirement Systems: Choosing between Insurance and Investment, Choice and Default, a paper presented by Emily Kessler at the Pension Research Council Symposium, April 29–May 1, 2009. The paper summarizes the work done to date on the Retirement 20/20 initiative and focuses on the balance between investment and insurance, as well as choice and default.

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