Pension System Challenges Across the Globe

Guest speaker Pablo Antolín

“Pension System Challenges Across the Globe”

Monday, September 19
Noon – 1pm

Investment Company Institute
1401 H Steet, NW
Suite 1200
Washington, DC

Pablo Antolín is Principal Economist and Head of the Private Pension Unit of the OECD Financial Affairs Division.  He manages the research and policy program of the Working Party on Private Pension.  Mr. Antolín has a PhD in Economics from the University of Oxford.

Reaching Across Boarders: The Use of Global Savings Accounts to Enhance Retirement Security Worldwide

Reaching Across Boarders: The Use of Global Savings Accounts to Enhance Retirement Security Worldwide
with Kathryn Reilly
Thursday, June 9
Noon to 1:00pm

Investment Company Institute
1401 H St., NW, Suite 1100
Washington, DC 20005

Kathryn Reilly is the Global Director, Public Affairs for Aon. She leads the policy efforts for Aon’s business units and shapes proposals for such areas as healthcare, retirement, terrorism risk insurance, and financial services. Prior to joining Aon she worked for Caterpillar Inc. Kathryn has a B.A. from Eastern Illinois University and a M.B.A. from Georgetown University.

Boosting Economic Mobility through Prize-Linked Savings

Stuart Butler
Distinguished Fellow and Director, Center for Policy Innovation
The Heritage Foundation
David C. John
Senior Strategic Policy Advisor
AARP Public Policy Institute
Investment Company Institute
1401 H Street, NW
Suite 1200
Washington, DC 20005

The savings rate in America has been in decline for three decades, with roughly one-third of households having no savings at all. Analyses of economic mobility explore why some people are successful in moving up the economic ladder during their lifetime while others are not. While there is much debate about the degree of opportunity in America, there is general agreement that there seem to be significant obstacles facing Americans who start out in households at the bottom end of the income spectrum. But even for those starting at the bottom, lifetime trajectories vary widely. The habit of saving is a critically important complement to education and social “capital” needed for upward mobility. But we need to recognize that there are many Americans who are not inclined to take part in traditional programs designed to build a savings habit. For these Americans, financial incentives and tools with approaches that have a more emotional appeal are a more effective way of creating a culture of savings by channeling the instinct to gamble into systematic savings. This approach, known as “prize-linked savings” employs the techniques of behavioral economics to turn a behavior pattern into a savings habit that enhances the economic mobility of a household.

Mark Warshawsky Discusses Long-Term Care

Mark Warshawsky
Vice-Chair, Commission on Long-Term Care

Who will discuss

Commission on Long-Term Care: Public and Private Issues in Long-Term Care Financing

Noon to 1:30 pm


Investment Company Institute
1401 H Street, NW #1100
Washington, D.C. 20005

Mark Warshawsky is a prominent researcher on retirement plans and products and the risks facing retirees. He is a coauthor of “Fundamentals of Private Pensions” and author of “Retirement Income: Risks and Strategies,” as well of more than a hundred published professional papers. He was a member of the Social Security Advisory Board from 2006 to 2012 and is now Vice Chair of the federal Commission on Long-Term Care. From 2004 to 2006, Warshawsky served as assistant secretary for economic policy at the US Department of the Treasury, playing a key role in the development of the Pension Protection Act of 2006, the Social Security and Medicare Trustees’ Reports, and the terror risk insurance program.

Peter Brady Discusses the Success of the US Retirement System

For a Lunch Meeting with Guest Speaker:

Peter Brady

Senior Economist at Investment Company Institute
Who will discuss his paper

The Success of the US Retirement System

Date: Tuesday, April 16th

Noon-1:00 p.m.


Investment Company Institute

1401 H St., NW, Suite 1200
Washington, DC 20005


This study examines the empirical evidence on the effectiveness of the U.S. retirement system. The empirical evidence demonstrates that the U.S. retirement system is successful. On average, households are able to maintain their standard of living in retirement. To the extent that there has been a trend in retiree well-being, measures such as income, wealth, and poverty rates show that successive generations of retired households have become better off—not worse off—over time. The U.S. retirement system will face many challenges and—as has always been the case—the future is uncertain. However, changes to private-sector retirement saving—in particular, the growing importance of employer-sponsored defined contribution (DC) retirement plans and individual retirement accounts (IRAs)—do not represent a major challenge for the system. To date, the shift to a more account-based system has not been associated with a reduction in the income of retired households, and there is reason to believe that many households will benefit from this shift.