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The 2015 Pension 40: J. Mark Iwry

No. 12 J. Mark Iwry, Senior Adviser to the Secretary and Deputy Assistant Secretary / U.S. Treasury Department

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

1. Bruce Rauner
2. John & Laura Arnold
Laura and John Arnold Foundation
3. Chris Christie
New Jersey
4. Randi Weingarten
AmericanFederation of Teachers
5. Phyllis Borzi
U.S. Department
of Labor
6. Kevin de León
7. Alejandro García Padilla
Commonwealth ofPuerto Rico
8. Laurence Fink
9. Rahm Emanuel
10. Sean McGarvey
North AmericanBuilding Trades Unions
11. John Kline
12. J. Mark Iwry
U.S. Treasury
13. Damon Silvers
14. Jeffrey Immelt
Electric Co.
15. Joshua Gotbaum
Brookings Institution
16. Robin Diamonte
United Technologies Corp.
17. Mark Mullet
18. Terry O'Sullivan
Laborers' International Union of North America
19. Raymond Dalio
Bridgewater Associates
20. Ted Wheeler
21. Thomas Nyhan
Central States Southeast and Southwest Areas Pension Fund
22. Karen Ferguson & Karen Friedman
Pensions Rights Center
23. Randy DeFrehn
National Coordinating Committee forMultiemployer Plans
24. Robert O'Keef
Motorola Solutions
25. Caitlin Long
Morgan Stanley
26. Kenneth Feinberg
The Law Offices
of Kenneth R. Feinberg
27. Orrin Hatch
28. Kathleen Kennedy Townsend
Center for Retirement Initiatives, Georgetown University
29. Ian Lanoff
Groom Law Group
30. Joshua Rauh
Stanford Graduate School of Business
31. Ted Eliopoulos
California Public Employees' Retirement System
32. Edward (Ted) Siedle
Benchmark Financial Services
33. Teresa Ghilarducci
New School for Social Research
34. Denise Nappier
35. W. Thomas Reeder Jr.
Pension BenefitGuaranty Corp.
36. Hank Kim
National Conference on Public Employee Retirement Systems
37. Paul Singer
Elliott Management Corp.
38. Bailey Childers
National PublicPension Coalition
39. Amy Kessler
Prudential Financial
40. Judy Mares
U.S. Labor Department

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