FOR IMMEDIATE RELEASE
The Insurance Law Center at the University of Connecticut School of Law will host a spring conference, “The Challenge of Retirement in a Defined Contribution World,” on April 5 at its Hartford campus. The event will feature nationally recognized economists, legal scholars and government officials, who will come together to discuss how to better understand the defined contribution paradigm and to manage and regulate its risks.
The last forty years have witnessed a shift from defined benefit contribution plans during which employers have transferred market risk onto workers. This change has created new and difficult issues, including the ability of middle- and lower-income households to bear that risk; the increased volatility of financial markets; the danger of outliving one’s savings; and senior citizens’ ability to continue managing their portfolios when physical or cognitive problems strike. “We need to tackle these challenges now, so that baby boomers and younger generations have a secure retirement,” says Patricia A. McCoy, Connecticut Mutual Professor of Law and director of the Insurance Law Center. “This conference will examine policies to avoid the danger of people outliving their savings,” continues McCoy, a nationally recognized authority on financial services regulation.
Admission to the event is free to those who RSVP.
The only program of its kind, UConn Law’s Insurance Law Center engages in serious research on the law bearing on insurance, risk and responsibility. The Center provides a forum to debate the financial risk issues of the day and offers the oldest Insurance Law LL.M. degree in the United States. The Center’s broad menu of specialized courses, taught by recognized experts in the field, prepares graduates to address problems of insurance, risk and responsibility in a variety of institutional settings: private law firms, regulatory agencies, insurance and other financial services companies, health care organizations, corporate law departments, and academic and non-profit institutions.
Patricia A. McCoy Faculty Profile Page: http://www.law.uconn.edu/about/press-room/professor-patricia-mccoy-has-b...
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