FROM THE OFFICE OF PUBLIC AFFAIRS To view or print the PDF content on this page, download the free Adobe® Acrobat® Reader®. April 6, 2005 The Challenges Before Us: Defined Benefit Pension Plans and Good morning and thank you for the kind introduction. I am pleased to have this opportunity to address the 2005 Enrolled Actuaries meeting to discuss the What, you might ask, would an economist contribute in an address to a meeting of actuaries? In part I appear as the spokesman for an important Administrative initiative. But I also have a long-standing interest and background in pensions and pension policy. Prior to joining the current Administration, I oversaw pension research for TIAA-CREF and was a Senior Economist on the staff of the Assistant Commissioner for Employee Plans and Exempt Organizations at the Internal Revenue Service responsible for a study of underfunded pension plans. I have also written a number of academic articles and books on pensions and annuities. Although my duties at the Treasury Department cover a wide range of topics, my interest in pensions has made my work on the Administration's defined benefit pension and Social Security reform proposals particularly satisfying. REPORTS |
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