Pension Committee
The Pension Committee, working with the ICI Retirement Policy team, promotes a sound policy framework for the retirement security of Americans who are invested in mutual funds and collective investment trusts through 401(k) plans, 457 plans, 403(b) arrangements, and IRAs.
The Pension Committee, working with the ICI Retirement Policy team, promotes a sound policy framework for the retirement security of Americans who are invested in mutual funds and collective investment trusts through 401(k) plans, 457 plans, 403(b) arrangements, and IRAs. The Pension Committee provides input to the ICI staff to help shape the ICI’s advocacy efforts before DOL, IRS, Treasury, Congress and other policymakers. ICI staff works with the Committee on compliance and interpretive issues related to applicable laws and regulations.
Current topics of interest include –
- Implementation of legislative changes under the SECURE Act and SECURE 2.0 Act
- Fiduciary standards for selecting investments in retirement plans
- Retirement savings tax incentives
- ERISA’s fiduciary advice definition, including implementation issues
- ERISA prohibited transaction exemptions for asset managers
- State-run retirement plans for private-sector workers and other proposals to increase retirement plan coverage and participation
- Form 5500 modifications
- Plan fee litigation
- Electronic delivery of ERISA disclosures, and
- Lifetime income products and strategies
Committee Members
Committee Meetings
The Pension Committee holds six virtual meetings per year, plus additional meetings on specific topics as needed. The meetings are held jointly with the Pension Operations Advisory Committee.
Membership Information
Each member firm generally may have two representatives on the Pension Committee.
Colleague Access
Colleague Access gives committee representatives the ability to designate co-workers (i.e., non‑committee members) to view committee memos and materials online, receive notification of memos addressed to the committee via ICI Digest and participate in committee calls and meetings.
As committees may deal with confidential policy topics involving draft comment letters and conference calls, ICI limits the number of colleagues per firm who can be designated for Colleague Access. Only committee representatives (not alternates or substitutes) can activate Colleague Access, and colleagues must be employed by the committee member’s firm.
Pension Committee representatives may designate at total of five individuals for colleague access.