Public Policy Thought Leadership

Learn from public policy thought leaders whose positions are consistent with RCH on retirement savings portability and preserving America's retirement savings.


DB vs DC Outcomes Determined by Generosity, Design

Examining the 2/7/19 EBRI Research Brief comparing DB vs. DC plans, PlanAdviser's John Manganaro cites the study as finding that DB break-even accrual rates required for equivalency to their 401(k) counterparts are "rarely less than 1.5% of final pay." Under a scenario where auto portability is combined with the 401(k) plans, the DB break-even accrual rates increase further to deliver equivalency, with auto portability's impact "greatest among the lowest income quartile."


PLANSPONSOR: Groom's Saxon Welcomes DOL's Auto Portability Guidance

In the January 2019 edition of PLANSPONSOR magazine, Groom Law Group's Stephen Saxon welcomes the U.S. Department of Labor's (DOL) November 2018 guidance on the RCH auto portability program. The DOL, says Saxon, "clarifies important questions about the fiduciary implications for plan sponsors" and provides "much welcome comfort" to plan fiduciaries considering the program. Saxon concludes his analysis by stating that "auto-portability will have a positive, long-term impact on the U.S. retirement system by reducing leakage and enabling American workers to consolidate their small retirement balances on an efficient basis."

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The Hill: Labor Department rightly trying to plug pension portability leaks

In his 11/19/18 opinion piece in The Hill, former U.S Treasury official and senior fellow in economic studies at The Brookings Institution Mark Iwry writes about his personal, 22-years long advocacy for 401(k) portability, dating back to the Clinton administration. Not much had changed in that time, says Iwry, until last week's guidance by the Department of Labor (DOL) on auto portability, led by the efforts of RCH executives Spencer Williams and Tom Johnson. With the way cleared by the DOL, Iwry notes that auto portability's success will now depend on the "willingness of cooperate so participants can enjoy expanded portability."


CRR Offers Retirement Policy Suggestions to the DOL

PLANSPONSOR’s Rebecca Moore examines the Center for Retirement Research’s (CRR) report “An Analysis of Retirement Models to Improve Portability and Coverage,” presented to the Department of Labor in February 2018. One of the report’s key recommendations includes the establishment of a clearinghouse to automatically move small balances forward, a framework now widely-known as auto portability.


New EBRI Research Establishes Auto Portability as Leading Public Policy Initiative

With new research showing that Auto Portability has $2 trillion (present value) of potential benefits to America's retirement savers, EBRI research firmly establishes Auto Portability as a leading retirement public policy initiative. Get the research today.


Bipartisan Policy Center Testifies to the Senate Committee on Aging

On 9/7/16, the Bipartisan Policy Center presented testimony to the Senate Committee on Aging regarding the BPC's recent report "Securing Our Financial Future." Included in the testimony is a recommendation to establish a private-sector "retirement security clearinghouse" to facilitate retirement savings consolidation.


U.S. Senate Finance Committee Hearing: "Helping Americans Prepare for Retirement"

On 1/28/16, the United Senate Committee on Finance held a hearing entitled "Helping Americans Prepare for Retirement: Increasing Access, Participation and Coverage in Retirement Savings Plans." Portability was mentioned as a key consideration, by both lawmakers and Senators alike.


President Obama Calls for More Retirement Savings Portability in Address

In his final State of the Union address to the American people, President Barack Obama issues a call for more retirement savings portability.