WEDNESDAY, MAY 19, 2010

5:30 p.m. – 7:00 p.m. 
Welcome Reception – Introduction from the Administration
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Jason Furman, Deputy Director, National Economic Council
Sponsored by: Investment Company Institute

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THURSDAY, MAY 20, 2010

8:00 a.m. – 9:15 a.m.
Breakfast and Registration
Sponsored by: Pension Education and Research Foundation Ed Burrows Fund

9:15 a.m. – 9:30 a.m.
Welcome

9:30 a.m. – 10:00 a.m. 
Opening Keynote Address
Congressman Paul Ryan (R-WI)

10:00 a.m. – 11:15 a.m.
Panel Discussion 1: Identifying the Problem
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This session will explain the challenges we face in providing income that lasts a lifetime. Retirees are living longer and fewer of them have a defined benefit pension, therefore need a way to manage longevity, investment and inflation risks. Panelist will describe barriers that employers face in offering lifetime income options within their retirement plans including concerns about fiduciary duty and the transactions costs involved in selecting and monitoring such options. Additional barriers include a lack of understanding and knowledge, concerns about lack of control over funds, bequest motives, discounting the future and underestimating life expectancy. Questions that government regulators are wrestling with in considering whether and how to facilitate the use of lifetime income solutions will also be addressed.
Michael L. Davis, Deputy Assistant Secretary, Employee Benefits Security Administration, US Department of Labor
Lynn D. Dudley, Senior Vice President, Policy, American Benefits Council
William G. Gale, Senior Fellow, Economic Studies, The Brookings Institute
Lina Walker, Senior Policy Advisor, AARP Public Policy Institute
Moderator: Dallas Salisbury, President and Chief Executive Officer, Employee Benefits Research Institute
Sponsored by: AARP Public Policy Institute

11:15 a.m. – 11:30 a.m.
Beverage Break
Sponsored by: MetLife

11:30 a.m. – 12:45 p.m.
Panel Discussion 2: Insurance Market Innovations
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Insurance industry experts will present innovations being developed and considered by the industry to assist retirement plan participants to more effectively manage their retirement income.
Francois Gadenne, Chairman and Executive Director, Retirement Income Industry Association
Kelli Hueler, Chief Executive Officer, Hueler Companies
Christine Marcks, President, Retirement Services, Prudential
Jody Strakosch, National Director, Retirement Products-Strategic Alliances, MetLife
Moderator: Paul Schott Stevens, President and Chief Executive Officer, Investment Company Institute
Sponsored by: AARP Public Policy Institute

12:45 p.m. – 2:15 p.m.
Lunch and Keynote Address 
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Congressman Earl Pomeroy (D-ND)
Sponsored by: American Council of Life Insurers

2:15 p.m. – 3:30 p.m.
Panel Discussion 3: Financial Market Innovations
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Financial market experts will present innovations being developed and considered by the industry to assist retirement plan participants to more effectively manage their retirement income.
Cynthia L. Egan, President, Retirement Plan Services, T. Rowe Price
Sherrie Grabot, Chief Executive Officer, GuidedChoice
Robert Reynolds, President and Chief Executive Officer, Putnam Investments
Stephen P. Utkus, Director of Retirement Research, Vanguard
Moderator: Walter C. Welsh, Executive Vice President, Taxes & Retirement Security, American Council of Life Insurers 
Sponsored by: AARP Public Policy Institute

3:30 p.m. – 3:45 p.m.
Beverage Break

3:45 p.m. – 5:00 p.m.
Panel Discussion 4: Public Policy Innovations
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Panelists will consider what public policy changes are needed to fill in the gaps in lifetime income security. They will comment on the extent to which the financial and insurance market innovations presented in the previous panels address the problems and barriers to utilization of lifetime income options identified in the opening panel and speak to the policy changes that might facilitate adoption of these innovations.
Gregory J. Dean, General Counsel, Senate Health Education Labor and Pensions Committee
J. Mark Iwry, Senior Advisor to the Secretary and Deputy Assistant Secretary for Retirement and Health Policy, US Department of Treasury
Michele Varnhagen, Labor Policy Director, House Education and Workforce Committee
Debra Bailey Whitman, Staff Director, Senate Special Committee on Aging
Moderator: Brian H. Graff, Executive Director, Chief Executive Officer, ASPPA 
Sponsored by: AARP Public Policy Institute

5:00 p.m. – 5:15 p.m.
Closing Remarks 

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Thank you to the following sponsors for their support:
Conference Signage Sponsored by Prudential
Conference Program Sponsored by Heinz Family Philanthropies and Putnam Investments