< The 2015 Pension 40: The Long Climb
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J. Mark Iwry
Senior Adviser to the Secretary and Deputy Assistant Secretary / U.S. Treasury Department
Last year: 13
J. Mark Iwry, 65, has been working to enhance retirement income security for U.S. workers since he served in the Clinton administration. In February 2006, Iwry, then a fellow at the Brookings Institution, and David John, then at the Heritage Foundation (now working at the AARP and Brookings), unveiled the Automatic IRA program to ensure that all U.S. workers are enrolled in a savings program. A feature of every federal budget since 2009, when Iwry was appointed to his current job as senior adviser to the secretary and deputy assistant secretary at the Treasury Department, the AutoIRA has yet to pass Congress. When the program began to stall, the Harvard Law School and John F. Kennedy School of Government grad and former Georgetown University professor sought a simpler solution. In January, Treasury launched the My Retirement Account program (myRA) after beta testing; President Obama announced it in his 2015 State of the Union address. “We think it’s a really attractive option to help expand coverage to new savers: a no-cost, safe, principal-protected Roth IRA invested in a U.S. savings bond,” Iwry says. Meanwhile, states have begun to create their own retirement plans —some, like the Illinois Secure Choice Savings Program, modeled after the AutoIRA. Iwry hopes myRA will become part of the new state initiatives.
The 2015 Pension 40
Illinois
Laura and John Arnold Foundation
New Jersey
AmericanFederation of Teachers
U.S. Department of Labor |
California
Commonwealth ofPuerto Rico
BlackRock
Chicago
North AmericanBuilding Trades Unions |
Minnesota
U.S. Treasury Department
AFL-CIO
General Electric Co.
Brookings Institution |
United Technologies Corp.
Washington
Laborers' International Union of North America
Bridgewater Associates
Oregon |
Central States Southeast and Southwest Areas Pension Fund
Pensions Rights Center
National Coordinating Committee forMultiemployer Plans
Motorola Solutions
Morgan Stanley |
The Law Offices of Kenneth R. Feinberg
Utah
Center for Retirement Initiatives, Georgetown University
Groom Law Group
Stanford Graduate School of Business |
California Public Employees' Retirement System
Benchmark Financial Services
New School for Social Research
Connecticut
Pension BenefitGuaranty Corp. |
National Conference on Public Employee Retirement Systems
Elliott Management Corp.
National PublicPension Coalition
Prudential Financial
U.S. Labor Department |
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