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Thursday, December 17, 2020

Reflecting on 2020

William Arnone, CEO

Latin offers us a phrase that aptly captures 2020: “annus horribilis.”

The COVID-19 pandemic, the severe economic catastrophe it is causing, and the ongoing violence directed at people of color combined to bring anguish, illness, and death to millions of people across the United States. Hardships have been numerous, and unevenly experienced. Such widespread pain is taking a toll on our society.

In view of these unprecedented and intertwined threats, the Academy reoriented our work to elevate the critical role of social insurance in addressing these crises. Our range of activities and new research projects this past year included:

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Posted on December 17, 2020  |  Write the first comment
Tuesday, December 15, 2020

Building Equity: Overcoming Disparities for Longer, Healthier Lives

Jean Accius, Senior Vice President, AARP Thought Leadership and International Affairs

Julia Elrod, Senior Program Analyst, AARP Thought Leadership and International Affairs

As the year draws to a close, our nation is still grappling with a trilogy of crises: an explosive increase in COVID-19 cases, deepening economic instability that has people waiting hours in line at food banks, and ongoing geographic and racial disparities that disenfranchise the most vulnerable among us.  In response to these serious issues, AARP has been working to respond over the last several months through our Building Equity series with the Social Innovation Summit.  We have engaged global thought leaders across sectors, developed thoughtful analysis, and worked to identify innovative solutions to meet this moment and promote meaningful change.

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Monday, December 7, 2020

OECD’s Misleading Retirement Replacement Income Statistic for the United States

James Russell, Portland State University

According to the Organisation for Economic Cooperation and Development’s influential Pensions at a Glance, the United States has a gross retirement income replacement rate for average-income workers of 70.3 percent (see table 5.3). On the face of it, a 70.3 percent replacement rate is impressive. It matches the 70 percent replacement rate that most financial advisors consider to be the goal of retirement planning strategies. That will surprise those who believe there is a growing retirement crisis in this country. Given the prestige of the OECD, it would seem to be prima face evidence that the retirement crisis is a myth.

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Saturday, November 21, 2020

Event Recap: 2020 Ball Award Virtual Ceremony

Posted on November 21, 2020  |  Write the first comment
Friday, November 20, 2020

Social Insurance and the 2020 Election

William Arnone, Chief Executive Officer

This is the first in a series of articles about the 2020 election, its aftermath, and implications for social insurance policy.

Despite a relentless attempt to undermine the results of the 2020 election, our nation is preparing for the start of a new Administration and the 117th Congress.

The National Academy of Social Insurance plays a valuable nonpartisan role in this process by providing policymakers, journalists, educators, other leaders, and the public with knowledge about the nation's social insurance programs. We work with Academy Members and partners to provide objective, evidence-based analyses, policy options, and answers to questions facing policymakers.

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Posted on November 20, 2020  |  Write the first comment