Free Discussion Seminar: May 20; Social Security Accounts: Who Would Provide Annuities and How?

News Advisory:

Free Discussion Seminar: May 20, 9 am to 11 am; Social Security Accounts: Who would Provide Annuities, and How?

Washington Court Hotel Ballroom

525 New Jersey Avenue, NW, Washington, DC (near Union Station)

-- Complimentary breakfast will be served at 8:30 am

Click here to register for this free event. Space is limited.

Many proposals for individual accounts in Social Security would require that retirees use all or part of their accounts to buy life annuities that are indexed for inflation. Key questions that addressed include: What entities would provide those annuities? If private insurers sell them, what regulations would govern the pricing and marketing of life annuities? Would state or federal regulators set and enforce the rules? Would retirees be assured payments even if the insurer enters bankruptcy? Would guaranty arrangements resemble the Pension Benefit Guaranty Corporation or follow a different model? What new issues arise if the government provides annuities directly to retirees? What can we learn from other countries about converting individual accounts into life annuities?

Speakers:

Issues in Extending the Private Annuity Market to Social Security Accounts

Howell E. Jackson, Harvard Law School

Treasury Inflation-Protected Securities: Goals in Debt Management

Jeff Huther, Director of Debt Management, U.S. Treasury Department

Issues If Government is the Annuity Provider

Kenneth S. Apfel, LBJ School of Public Affairs, University of Texas, and Chair of NASI Study Panel, former Commissioner of Social Security

Lessons from Abroad

G.A. (Sandy) Mackenzie, International Monetary Fund, author of Annuity Markets and Pension Reform, forthcoming

Commentary by Julie Kosterlitz, The National Journal

Moderator: Virginia P. Reno, Vice President for Income Security, National Academy of Social Insurance

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The National Academy of Social Insurance is a nonprofit, nonpartisan organization made up of the nation’s leading experts on social insurance. Its mission is to promote understanding and informed policymaking on social insurance and related programs through research, public education, training, and the open exchange of ideas.

Contact Information

Jill Braunstein

Media Contact

National Academy of Social Insurance

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