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Defined Contribution

P&I issues call for examples of innovation, excellence

Pensions & Investments and the Defined Contribution Institutional Investment Association are seeking nominations for the Excellence and Innovation Awards program, now in its seventh year.

These awards are designed to recognize DC plan executives and their employers for well-executed, creative and unusual projects that help ensure participants have an adequate income at retirement. Entries are judged on innovation well as excellence in execution.

Entries for the 2018 awards are due June 1.

"We are continually amazed by the quality of the entries we have received year after year,'' said P&I Editor Amy B. Resnick. "The caliber of the work put in by DC executives speaks to the passion they have for improving participants' retirement security.''

P&I and DCIIA are looking for programs implemented on or after Jan. 1, 2017.

Winners will be announced at P&I's West Coast Defined Contribution Conference, to be held Oct. 21-23 in San Diego.

Among last year's winners, Cliff York, head of pensions and benefits, Americas, for BP PLC, was recognized with an Award of Excellence for assembling a financial wellness program that links financial and health-care wellness. It covered five qualified savings plans, 25,000 employees and their spouses or partners, and 17,000 pre-Medicare retirees and their spouses or partners.

Another winner, Sandy Blair of the California State Teachers' Retirement System, West Sacramento, won an Innovation Award for a massive update of its 403bCompare website.

Ms. Blair, director of retirement readiness, said executives engineered a major makeover by updating technology, adding retirement education information and correcting factual errors as well as making a big change in the look and feel of the website.

For more information and the nomination form, visit: pionline.com/innovationawards2018. Ms. Resnick can be reached at 212-210-0751 or by email at aresnick@pionline.com.

Self-nominations are encouraged. Nominations also will be accepted from colleagues and people outside the organization who are familiar with the work being done.

Visit pionline.com/innovationawards2017 to review the groundbreaking efforts of all seven 2017 winners.