Participants in the Conversation on Coverage are divided into three Working Groups, each of which is tasked with addressing a specific issue relating to increasing pension coverage for low- and moderate-income wage-earners.
Working Group I was charged with expanding coverage by encouraging new forms of defined benefit
plans and new types of hybrid plans that contain many of the salient features of defined benefit plans.
Working Group II sought to develop new incentives and proposals to encourage more individual
private-sector workers to save for retirement – particularly focusing on low- and moderate-income
workers who are least likely to have access to a plan.
Working Group III decided to create new approaches to increase pension coverage among
small businesses where the coverage rates are lowest.
Working Group Members