The American Academy of Actuaries' initiative, Retirement for the AGES, is intended to focus attention on the United States retirement-income system, which needs to be strengthened to improve financial security for retired Americans.

The AGES Framework

Retirement for the AGES provides a framework based on fundamental principles by which the Academy will illustrate the strengths and shortcomings of retirement systems and proposals to reform them. It addresses the needs of retirement plan stakeholders in both the private and public sectors. The framework is based upon four key principles with specific elements that can be graded or scored:

Alignment – between stakeholders’ roles and their competencies.

Governance – that defines roles, reduces conflicts of interest, manages competing needs, and properly staffs boards.

Efficiency –   in maximizing returns and minimizing risks.

Sustainability – of the system; achieved through appropriate cost allocation and protection from extraordinary market gyrations and inflation.

Retirement for the AGES Assessments

On Nov. 13, 2014, at the Academy's Annual Meeting and Public Policy Forum, the Academy released and discussed the first assessments that grade retirement-income systems and proposals using the Academy’s “Retirement for the AGES” framework:

Retirement for the AGES  Forum

The Academy hosted a special forum, Retirement for the AGES: Measuring for Success, on April 28, 2014 at the Ronald Reagan International Trade Center in Washington, D.C. The forum, sponsored by the Academy’s Pension Practice Council, brought together retirement thought leaders for an in-depth discussion and assessment of retirement plans and recent proposals using the Academy’s new framework for retirement-income systems.

Videos of the AGES Forum

Forum Highlights
Welcome Remarks
Introduction to the AGES Framework

Panel Discussions
Closing Remarks

Retirement for the AGES Resources

Media Coverage