ERM-328-17: Retirement for the Ages


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Reading Source: ERM-328-17 Study Note

Topics Covered in this Reading:

  • Overview
  • Alignment
    • Redefining the Employer’s Role
    • Improving Individual Decisions
    • Society’s Role in Developing a Retirement-Income System
  • Governance
    • Clearly Defined Roles and Responsibilities
    • Reducing Real and Potential Conflicts of Interest
    • Recognizing and Managing Competing Needs
    • Staffing Boards with Professionals
  • Efficiency
    • Lower Costs
    • Enhance Participation and Coverage to Provide Consistent Savings Opportunities
    • Minimize Leakage
    • Pool and Share Risks Effectively to Concentrate Retirement Income
    • Narrow the Variability of Benefits
  • Sustainability
    • Intergenerational Equity
    • Proper Allocation of Costs
    • Withstanding Market Shocks
    • Balancing Sustainability and Adequacy
    • Self-Adjusting Systems: A Sustainable Option for the Future
  • Conclusion