CFANY is ‘Putting Beneficiaries First,’ Beginning with U.S. Retirement and Entitlement Crisis Event
NEW YORK, FEB. 01, 2018 — CFA Society New York (CFANY) is proud to present their latest can’t-miss event, U.S. Retirement and Entitlement Crisis: Putting Objectivity and Integrity First, on February 8 at the CFANY headquarters in Times Square.
In a seemingly fitting twist of fate—for a conference seeking to educate attendees on fiscal stewardship and centered on an analytical discussion about unfunded liabilities—the date of the CFANY conference coincides with that of the latest deadline, by which lawmakers must pass a new federal government funding bill in order to avoid another shutdown.
Due to the crucial nature of the subject matter and the valuable information to be shared by the leading experts set to speak on its behalf, CFANY is excited to offer free livestream access to all. Furthermore, members of the press interested in attending will receive complimentary admission; any non-CFANY members will pay a $30 registration fee.
Organization of the event was spearheaded by Thomas Brigandi, recipient of CFA Institute’s Inaugural Global Outstanding Young Leader Award, in collaboration with his volunteer team of over 400 industry leaders who source speakers from their respective networks on behalf of the Society. It kicks off CFANY’s “Putting Beneficiaries First” initiative with an all-star slate of speakers that includes CFA Institute Deputy CEO Bjorn Forfang and former Assistant Secretary of the U.S. Treasury Hon. Joshua Gotbaum.
Also featured on the agenda are leading experts on the subject of long-term unfunded liabilities such as Marc Goldwein from a Committee for a Responsible Federal Budget, Brian Levitt from OppenheimerFunds, Tim Blake, CFA, from Moody’s Investors Service and moderator Han Yik from the World Economic Forum.
“This is an excellent example of how CFA Society New York serves as a premier forum for objective, data-driven, ethical conversations among thought leaders on key issues such as long-term federal entitlement, debt and municipal pension liabilities,” said CFA Society New York CEO Daniel Dagen, CFA.
The Congressional Budget Office (CBO) estimates that federal interest outlays will absorb around 15% of fiscal revenue by fiscal year 2026, up from 8% in fiscal 2017. The CBO also estimates gross federal debt will exceed $30 trillion by fiscal 2027, the same year in which Social Security expenditures are expected to approach $1.7 trillion and both Medicare and Medicaid expenses will collectively eclipse $2 trillion, up from $910 billion and $1.1 trillion in fiscal 2016, respectively.
“Interest payments as a percentage of the federal budget, in addition to the annual cost of the three main entitlement line items of Social Security, Medicare and Medicaid—beyond the scope of the CBO’s 10-year projections—will be a key focus of this discussion, as will unfunded municipal pension liabilities,” Dagen said.
For more background, details, registration and information, visit the event page here.
CFA Society New York
Since 1937, CFANY has sought to raise the standards of the investment industry through global insight, a dynamic community of local investment management professionals, and thought leadership. CFANY’s mission is to raise the bar in investment management wherever possible and help establish the course for where the investment industry is headed.
CFANY is a leading voice within a network of CFA Societies in 150 countries, representing over 145,000 CFA Institute members world-wide. CFANY works in conjunction with CFA Institute to develop the industry’s future professionals and to raise the standards of professionalism in the investment management industry.
With close to 11,000 members, CFA Society New York is the largest CFA Institute member society in the world.