Hugh Penney

Senior Adviser Benefits Planning

Hugh Penney is Senior Advisor for Benefits Planning and responsible for long-term strategy and leadership of the critical areas of retirement, heath care, and university benefits. He serves as a member of the Retirement Account Plans Fiduciary Committee on Investments, Labor-Management Planning Team, Board of University Health, and HIPAA Privacy & Security Advisory Committees. His previous position was Senior Director of Compensation & Benefits. Yale University is an American private Ivy League research university in New Haven, Connecticut. Founded in 1701, it is the third-oldest institution of higher education in the United States and one of the nine Colonial Colleges chartered before the American Revolution.Yale’s 403(b) Plans have over 15,000 active participants and 12,000 retirees and former employees with assets exceeding $6.5 billion. Yale’s 403(b) Plans have a hybrid Custom Target Date with a guaranteed accumulation annuity as its primary fixed income investment that includes lifetime income options. Yale’s Target Date Plus service is the QDIA and combines many of the very best features of Target Date investing, Managed Accounts, and guaranteed Lifetime Income.