The Conversation on Coverage is an unprecedented national public policy initiative devoted to finding new ways of increasing retirement security for the millions of low- and moderate-income wage earners who do not have pensions or retirement savings plans to supplement Social Security.
On May 11, 2007, the Conversation on Coverage released its final report, Covering the Uncovered: Final Report of the Conversation on Coverage. The report includes pragmatic proposals and concepts aimed at: exploring new defined benefit plan designs, developing two new models for the delivery of guaranteed benefits; encouraging more individuals to save for retirement by developing a structural blueprint for a new government-authorized clearinghouse for portable individual accounts; and designing a framework for a new kind of multiple employer plan that would be administered by financial institutions and specifically marketed to small businesses. Read the press release.
The Conversation on Coverage, convened by the Pension Rights Center, has brought together a diverse group of experts with a wide range of views to find common ground solutions to the pension coverage problem. Participants in this initiative include representatives from the business community, unions, financial institutions, consulting firms, academia and national retiree, women’s, minority and consumer organizations.