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Friday September 5, 2008

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Past Event

An Economic Studies and Retirement Security Project Event

The Automatic Revolution: Changing How America Saves

Retirement, Saving, U.S. Economy

Event Summary

Ten years ago, the US Treasury Department first announced that automatic saving mechanisms (such as "opt out" 401(k) plans) were legal. In the ensuing decade, the structure of 401(k) plans has shifted dramatically to embrace automatic features. The conference highlighted the implications of these changes for American workers and companies and the prospects for the future, through presentations and discussions with leading practitioners, policy makers and researchers.

Speakers and panelists took audience questions.

Event Information

When

Tuesday, June 10, 2008
8:00 AM to 3:00 PM

Where

Ballroom
National Press Club
529 14th Street NW
Washington, DC 20045
Map

Contact: Brookings Office of Communications

E-mail: events@brookings.edu

Phone: 202.797.6105

Participants

Welcome

William G. Gale

Vice President and Director, Economic Studies

Opening Comments

The Honorable Jeff Bingaman (D-NM)

United States Senate

The Honorable Anna Escobedo Cabral

Treasurer of the United States

Panel One: Automatic 401(k)s: Moving in the Right Direction

Terri Hill

Executive Vice President and Chief Administrative Officer, Nationwide

Gregory T. Long

Executive Director, Federal Thrift Investment Board

Mike Butler

Senior Vice President, Compensation and Benefits, Cablevision

Panel One Moderator

J. Mark Iwry

Nonresident Senior Fellow, Economic Studies

Panel Two: Pursuing Universal Retirement Security through Automatic IRAs

Roger Campos

President and CEO, Minority Business Roundtable

Tim Jones

Chief Executive, Personal Delivery Authority, United Kingdom

Dr. Thomas Nelson

Chief Operating Officer, AARP

Panel Two Moderators

David C. John

Principal, The Retirement Security Project

J. Mark Iwry

Nonresident Senior Fellow, Economic Studies

Panel Three: Expanding Lifetime Income Options

Dr. Olivia Mitchell

Professor, Wharton School of the University of Pennsylvania

Jane Bryant Quinn

Contributing Editor, Newsweek

Panel Three Moderator

William G. Gale

Vice President and Director, Economic Studies

Lunch and Retirement Policy Outlook

Dr. Martin Feldstein

President and CEO, National Bureau of Economic Research
George F. Baker Professor of Economics at Harvard University

Dr. Peter Orszag

Director, Congressional Budget Office

Lunch Panel Moderator

John Ydstie

Correspondent, National Public Radio

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