Welcome to the Center for Retirement Initiatives (CRI) Policy Blog. The objective of this blog is to create an expert policy forum where the Center can share everything from the latest research and resources related to state retirement savings initiatives for private sector workers to federal legislative and regulatory developments. We will also provide updates on the latest retirement security data, best practices and lessons learned from program design and implementation at home and abroad. For those interested in learning more about a particular topic, each post may provide additional reading and resources to allow for a more in-depth exploration of the related research and policy issues.
The views and opinions expressed in this blog are the views of the authors and do not reflect any policy or position of the Center for Retirement Initiatives.
By Josh Cohen
“This time is different.” We’ve heard it before. We heard it when technology stocks were skyrocketing in the late ’90s, and then just before the real estate bubble burst a decade ago. The discussion of retirement income in defined contribution (DC) plans has that same feel now.
By Patrick McNamara, Angela M. Antonelli and Laura Kim
After decreasing with the onset of the Great Recession, debt levels are once again rising. At the end of 2018, overall household debt reached an all-time high. A closer examination highlights two significant and troubling trends: student loans represent an increasingly large portion of aggregate debt, and older Americans bear a growing proportion of this burden.
By Ivy Deng, Laura Kim, and Angela Antonelli
How much is enough? That’s the difficult question policymakers and individuals have to answer when it comes to retirement security and determining retirement income adequacy. With today’s defined contribution (DC) plans, all the responsibility has shifted to the worker to make the right savings and investment decisions — decisions that will significantly affect the amount of money available for retirement.
By Angela M. Antonelli
The Georgetown University Center for Retirement Initiatives (CRI) convened an invitation-only one-day policy forum in June 2018 with approximately 100 senior industry leaders, policymakers, and stakeholders to examine some of the key challenges in designing a retirement savings system focused on improving long-term outcomes to strengthen retirement security for millions of Americans.
Achieving Economies of Scale in State-Facilitated Retirement Savings Programs: The Case for Multi-State Collaboration
By Angela M. Antonelli, J. Mark Iwry and David C. John
Over the last several years, most states have been actively engaged in exploring ways to enable more private-sector workers to save for retirement. In addition to understanding the need to enhance retirement security by expanding coverage, they recognize that the failure to do this would expose state governments to increased budget pressure, because increasing numbers of retirees with insufficient savings need additional social services.
The Next Generation of NEST Program Reforms in the UK: Anticipating Some Challenges Will Strengthen the Foundation for Continued Success
By Will Sandbrook
By Tobias Read, Oregon State Treasurer
By Paula Campbell Roberts
The Stress Behind the Dykes: Debating the Next Generation of Retirement Policy Reforms in the Netherlands
By Harry H.G. Smorenberg
By Laura Kim and Angela M. Antonelli
A Call to Action in Pennsylvania: The Demographic, Fiscal, and Economic Consequences of Retirement Insecurity Are Hard to Ignore
By Joe Torsella, Pennsylvania State Treasurer
By Angela M. Antonelli
By Han Yik
A Key to Strengthening Retirement Security: Return to Designing Retirement Plans Focused on Lifetime Income Strategies
By Martin Noven and Angela M. Antonelli
By Angela M. Antonelli, Christopher Woika and Laura Kim
By Lisa A. Massena, CFA
With a great deal of local and national engagement and support, Oregon will soon be launching the nation’s first state-sponsored auto-enrollment individual retirement account (IRA) program.