50 Years Later, Was Erisa Worth It?
From: www.morningstar.com
Our analysis reveals how the landmark law has affected workers’ retirement income.
In 1974, Congress transformed the American retirement system.
By a unanimous vote in the Senate and a margin of 407-2 in the House, it passed the Employee Retirement Income Security Act.
The goal was to protect workers who had lost their pension, like those of the bankrupted Studebaker-Packard corporation. It was intended to…