The System of Employer-Provided Retirement Benefits Is at a CrossroadsConfero Fall 2016
Michelle Capezza, a Member of the Firm in the Employee Benefits and Health Care and Life Sciences practices, in the firm’s New York office, authored an article in Confero, titled “The System of Employer-Provided Retirement Benefits Is at a Crossroads.”
Following is an excerpt:
There are many stressors on the employer-provided system of retirement benefits. As a result of funding and cost challenges, we have seen the demise of the employer-provided pension plan and the rise of participant-directed savings plans. This development has been controversial, as exemplified by the debates regarding retirement savings rates, investment education and fee transparency, and the U.S. Department of Labor’s (“DOL’s”) fiduciary rule regarding investment advice.