Plan sponsors and advisers now have the ability to make the DC system work better for participants and retirees. It's time they do so.

Investors must raise their level of scrutiny in due diligence. As fiduciaries, they must receive answers to their questions.

States should take advantage of pooling to create safer and sounder retirement systems for all workers and to alleviate the liability pressures of defined benefit plans.

The Department of Labor's recent proposal to allow states to create retirement savings programs for private-sector employees is finally doing something about America's coming retirement crisis. Republicans and Democrats should support it.

What should the PBGC do? Hint: move with reasonable alacrity, recognizing that this is a historic opportunity to put the institution on a strong path for future returns over coming decades.