2018 Policy Innovation Forum Report: Driving Change to Improve Retirement Outcomes (CRI Policy Forum Report)
On June 19, 2018, the Georgetown University Center for Retirement Initiatives (CRI) convened an invitation-only one-day policy forum with approximately 100 senior industry leaders, policymakers, and stakeholders to examine some of the key challenges designing a retirement savings system focused on improving long-term outcomes to strengthen retirement security for millions of Americans. This report provides a comprehensive overview of the discussion held during this event, covering innovative ideas and proposals for addressing some of the challenges faced in closing the access gap, improving the design and performance of investments in retirement savings plans, and identifying ways to build and deliver more-effective and attractive lifetime income options.
This report provides an overview of how ERISA and the Tax Code, as well as securities and other laws, would apply to a state-facilitated MEP and includes sample model legislation.
This report provides an overview of the retirement security challenges facing the nation and Vermont; outlines the range of plan design options for state-sponsored retirement programs for private sector employers and employees, including legal, regulatory, and plan design considerations; and reviews some early lessons learned from other states that are in various stages of implementing new programs.
As states contemplate ways to help expand the availability and effectiveness of private sector retirement savings options, they must understand how ERISA and other federal laws would apply to any new program for the private sector.
This policy brief updates an earlier 2016 Policy Brief and compares the legal and design characteristics of different state-sponsored retirement saving programs, including the Payroll Deduction IRA, Multiple Employer Plan (MEPs), Master and Prototype (Prototype), and Marketplace.
More states are considering the creation of state-facilitated retirement savings plans, but there is considerable misinformation about the different issues and programs. This brief reviews some of the fallacies and some of the facts behind state-facilitated retirement savings plans.
529 college savings plans have accumulated $266.2 billion across more than 12.7 million accounts. This policy brief looks at the lessons learned from the implementation of state-sponsored college savings plans and discusses some parallels for state-sponsored retirement saving plans.
Publicly Sponsored Private Retirement Programs: Comparison of Plan Design Options and Features (16-01)
This policy brief describes and compares the legal and design characteristics of different state-sponsored retirement saving plans, including Multiple Employer Plan (MEPs), Master and Prototype (Prototype), Marketplace, MyRA, Payroll Deduction IRAs, and Auto-IRAs. This document has been updated – please refer to Policy Brief 18-01.