C  Risk Management and Insurance Review, 2005, Vol. 8, No. 1, 9-29 INVITED ARTICLES WOMEN AND PENSIONS Vickie Bajtelsmit Anna M. Rappaport M. Cindy Hounsell Madeleine d’Ambrosio Glenn W. Merrick Katie Kaufmanis Moderator: Vickie Bajtelsmit Speakers: Anna M. Rapport, M. Cindy Hounsell, Madeliene d’Ambrosio, Glenn W. Merrick, and Katie Kaufmanis This article features a panel discussion on Women and Pensions organized by Vickie Bajtelsmit for the American Risk and Insurance 2003 Annual Meeting. The modera- tor, Vickie Bajtelsmit, is Professor of Finance at the College of Business, Colorado State University. The first panelist is Anna Rappaport, an actuary and consultant for Mercer Human Resources Consulting. She has authored numerous articles relating to women’s issues over many years. The second panelist is Cindy Hounsell, the Executive Director of WISER, the Women’s Institute for a Secure Retirement. Madeleine d’Ambrosio, Vice President and Executive Director of the TIAA-CREF Institute, is the next panelist. These panelists represent consulting, public policy, and private sector pension perspectives. The other panelists are Glenn Merrick, a divorce attorney, who will give his views about the financial impact of divorce, an important issue affecting women. Katie Kaufman is the final panelist; she is the Director of Communications for the Colorado Public Employee Retirement System. Anna Rappaport begins the discussion by providing an overview of some factual information as background for the interactive panel discussion. Anna Rappaport: When we think about financial security, we think about individuals and families, men and women. But whenever we start thinking about retirement, we immediately think of the older population. Figure 1 depicts the marital status, by race Vickie Bajtelsmit, Ph.D., is a Professor of Finance, College of Business, Colorado State Univer- sity; e-mail: Vickie.Bajtelsmit@business.colostate.edu. Anna M. Rappaport, F.S.A. is the Principal, Mercer Human Resources Consulting. M. Cindy Hounsell, J.D., is Executive Director, Women’s Institute for a Secure Retirement. Madeleine d’Ambrosio is Executive Director, TIAA-CREF. Glenn W. Merrick, Esq. is a Divorce Attorney, Brega and Winters PC. Katie Kaufmanis is the Director of Communications, Colorado Public Employees’ Retirement Association. The authors are grateful for the careful editing of this manuscript by Richard A. Weiss. This article was not subject to peer review. 9