Retirement Income Committee

Retirement Income Committee

Fostering sound fiduciary practices related to institutional retirement income issues

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Mark Fortier
Chair

NISA Investment
Advisors

Linked
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Kate Jonas
Vice Chair

Nuveen


Linked

Additional Committee Leaders

Sue Walton - View DCIIA Profile

Capital Group Companies

Neil Lloyd - View DCIIA Profile

Mercer Investment Consulting


Retirement Income Committee Meeting
December 4, 2017
How to “pensionize” an IRA or 401(k)
Special guest speaker: Steve Vernon, FSA, Research Scholar at the Stanford Center for Longevity

Please go to the Committee Group Site to review the materials from this meeting.

Steve Vernon bio

The DCIIA Retirement Income Committee provides a forum to:

  • Foster and promote research, education, and the promulgation of sound fiduciary practices related to institutional retirement income issues
  • Frame the industry and public retirement dialogue in outcome-based terms
  • Support efforts advocating that 401(k) statements reflect a lifetime income stream, in addition to account balance
  • Become a clearinghouse for education and communication on the full range of retirement income solutions, tailored to the needs of multiple audiences: plan sponsor, participant, consultant, and regulator
  • Encourage industry standardization and operational protocols for supporting institutional retirement and lifetime income solutions
  • Promote portability/transferability of income between record keeping platforms
  • Promote acceptance of retirement income strategies as a QDIA
  • Encourage consideration of auto-enrollment into retirement income strategies
  • Support both guaranteed and non-guaranteed institutional lifetime income solutions
  • Clarify impact of required minimum distributions (RMDs) on ability to offer different types of income solutions
  • Promote equal and relevant treatment of various income solutions under the RMD rules
  • Encourage regulatory principles for retirement income options that are equivalent to other 401(k) options
  • Assist plan sponsors who choose to offer an institutional retirement income solution, either in their plan or outside of the plan, in discharging their fiduciary responsibility to periodically review their offering to ensure that it is appropriate for participants and meets current investment and fiduciary standards for performance and risk
  • Assist plan sponsors and their advisors in developing and agreeing to broad standards for comparing various income-related solutions
  • Foster partnerships and/or alliances with organizations and individuals who share our goals in order to leverage knowledge and resources
  • Engage in primary and secondary research activities that will broaden awareness and understanding of institutional lifetime and retirement income

Any DCIIA member may participate in the Retirement Income Committee. To join, click on the link below.

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