Laibson spoke on behalf of the Harvard University Retirement Plans Investment Committee, which formulated the plan to provide Harvard employees greater direction in their investment decisions.
Despite fewer options, Harvard employees will have access to “life-cycle” funds that reduces risk for individuals as they approach retirement.
Laibson said that the changes could help save $60 million in fees over the next decade for employees who choose to follow the University plan.
Laibson said he will take part in the University’s program.
“I’ll be there, and I hope you will be there too,” he said.
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—Staff writer Noah S. Rayman can be reached at nraymanm@fas.harvard.edu.
—Staff writer Elyssa A.L. Spitzer can be reached at spitzer@fas.harvard.edu.