The Insured Retirement Institute (IRI) has announced that Paul Richman, its Chief Government and Political Affairs Officerwill retire at the end of 2026. Richman’s departure follows an illustrious career spanning over 11 years, during which he played a pivotal role in shaping retirement security policies in the United States.
Richman’s tenure at IRI was marked by significant achievements, including his instrumental role in the passage of landmark legislation such as the SECURE Act of and the SECURE 2.0 Act of 2026. These acts are considered some of the most comprehensive retirement security laws enacted in over a decade.
Richman’s impact on retirement security legislation
Richman’s contributions extended beyond legislative victories. He was a key figure in IRI’s successful challenges to the Obama and Biden Department of Labor fiduciary ruleswhich were ultimately vacated by federal courts. His efforts helped shape the regulatory landscape for retirement security, ensuring that millions of workers and retirees could achieve a more financially secure future.
Reflecting on his career, Richman expressed his pride in the accomplishments made during his time at IRI. “It has been an honor and privilege to serve IRI and its members during the past 11 years,” he said. “I am incredibly proud of what we have accomplished together to help millions of workers and retirees achieve a more financially secure retirement.”
The search for Richman’s successor
IRI has initiated a national search for Richman’s successor, aiming to have the new executive in place by the fourth quarter of 2026. This timeline is designed to ensure a smooth leadership transition and maintain the organization’s momentum in advocating for retirement security.
Wayne Chopus, President and CEO of IRI, praised Richman’s leadership and strategic vision. “Paul’s leadership, strategic vision, and tireless advocacy efforts have had a profound impact on IRI, our members, and the retirement security debate in Washington,” Chopus stated. “His insights and dedication will be missed by all of us.”
Richman’s legacy and future plans
Richman’s legacy at IRI is one of tireless advocacy and strategic leadership. His work has not only elevated IRI’s voice and influence on Capitol Hill but also across executive agencies. As he prepares to retire, Richman looks forward to a long, healthy, and joyful retirement, secure in the knowledge of the impact he has made.
The retirement industry will undoubtedly feel the absence of Richman’s expertise and dedication. However, his contributions will continue to resonate through the policies and legislation he helped shape, ensuring a more secure retirement for future generations.
