Ep.1.2: The Long Road to Pension Reform
Hear an incredible account of policy reform, a journey that has spanned presidents, Watergate, and finally, a signing that led to the modern retirement system.
Josh reviews the first four full-length episodes of the podcast with long-time friend Mike Barry, President of O3 Plan Advisory Services LLC, who offers his thoughts while also sharing some personal experiences from 40+ years’ in the benefits field.
Josh engages in an energetic discussion with two colleagues and long-time Defined Contribution (DC) experts David Skinner and Sara Shean from PGIM Real Estate. The discussion covers the evolving DC environment, the challenges facing plan sponsors, and the role of real estate in DC.
In this bonus episode, Ted Benna, who is often dubbed the father of the 401(k) and who was a guest from episode 2, reminisces about the early days of DC plans. Stories he shares includes a memorable exchange with a future vice presidential nominee about retirement savings, how plans were built and communicated in those days, and blowback he received from some in the industry.
In this bonus episode, Frank Cummings (Guest from Ep.1) shares some key moments from his time on Capitol Hill working closely with the late Senator Jacob Javits. Here, Frank describes how he convinced Senator Javits to push for equal access for women in some crucial areas. He also shared a humorous story about former President Lyndon Johnson following the signing of ERISA.
PGIM’s podcast, hosted by Josh Cohen, Head of Institutional Defined Contribution, explores the origins, evolution & trends within employer-based retirement.