Securities Lending in Retirement Plans: Why the Banks Win, Even When You Lose
March 16, 2011
Statements of Committee Members
- Senator Herb Kohl (D-WI), Chairman
Panel Statements
Charles Jeszeck, Acting Director, Education, Workforce and Income Security, Government Accountability Office, Washington, DC
GAO Report: 401(k) Plans Certain Investment Options and Practices That May Restrict Withdrawals Not Widely Understood
Anthony Nazzaro, Principal, A.A. Nazzaro Associates, Yardley, PA
Ed Blount, Executive Director, Center for the Study of Financial Market Evolution, Washington, DC
Allison Klausner, Assistant General Counsel-Benefits, Honeywell International, Inc., Morristown, NJ
Steven Meier, Chief Investment Officer, Global Cash Management, State Street Global Advisors, Boston, MA
Summary of Committee Research prepared by the Majority Staff: Securities Lending with Cash Collateral Reinvestment in Retirement Plans: Withdrawal Restrictions and Risk Raise Concerns
Hearing Publication
- Committee on Aging Print: 112-3
Click here to view publication