Investments CEO to Outline Retirement Policy Reform, 8:30 am Nov. 17

Putnam Investments CEO Robert Reynolds will outline a plan for comprehensive revisions in America's public and private retirement systems at a Newsmaker press conference at 8:30 a.m. on Wednesday, Nov. 17, in the Lisagor Room.

Overhauling retirement programs, which account for two-thirds of all savings, is the first step in achieving what Reynolds calls the New Solvency - an economic model based on higher savings, more investment, new business formation and renewed economic growth.

Reynolds also will call for an alliance among financial industry leaders, consumer advocates and policymakers to create a robust private retirement system to supplement Social Security and help avoid a rise in elderly poverty as Baby Boomers retire.

-- Mark Schoeff Jr., [email protected]