Both are already members of the Hall of Fame, Starr with the Beatles, and Reed for his role in New York proto-punk band Velvet Underground.
Stevie Wonder is on tap to induct R&B singer and songwriter Bill Withers at the ceremony, which is set for April 18 in Cleveland. In addition, J. Geils Band singer Peter Wolf will introduce the Paul Butterfield Blues Band, Fall Out Boy will pay tribute to Bay Area pop-punk trio
The identity of who will induct Joan Jett & the Blackhearts is still to be announced.
Performers confirmed for this year's event include Beck, Dave Grohl, Joe Walsh, Tom Morello, John Legend and Jimmie Vaughan, and additional performers will be announced in coming weeks.
The hall's 30th annual induction ceremony will take place in Cleveland's 10,000-capacity Public Hall, which is a short distance from the Rock and Roll Hall of Fame and Museum. Tickets to the ceremony are sold out, but organizers said some VIP packages remain. Ticket info is available at (216) 515-1232 or by e-mail at email@example.com.
As usual, the event will be filmed and highlights will be aired later as an HBO special. This year's Rock Hall show is scheduled to premiere on May 30.