The Employee Retirement Income Security Act of 1974

The Employee Retirement Income Security Act of 1974 PDF Author: James Wooten
Publisher: Univ of California Press
ISBN: 0520931394
Category : Medical
Languages : en
Pages : 433

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Book Description
This study of the Employee Retirement Income Security Act of 1974 (ERISA) explains in detail how public officials in the executive branch and Congress overcame strong opposition from business and organized labor to pass landmark legislation regulating employer-sponsored retirement and health plans. Before Congress passed ERISA, federal law gave employers and unions great discretion in the design and operation of employee benefit plans. Most importantly, firms and unions could and often did establish pension plans that placed employees at great risk for not receiving any retirement benefits. In the early 1960s, officials in the executive branch proposed a number of regulatory initiatives to protect employees, but business groups and most labor unions objected to the key proposals. Faced with opposition from powerful interest groups, legislative entrepreneurs in Congress, chiefly New York Republican senator Jacob K. Javits, took the case for pension reform directly to voters by publicizing frightening statistics and "horror stories" about pension plans. This deft and successful effort to mobilize the media and public opinion overwhelmed the business community and organized labor and persuaded Javits's colleagues in Congress to support comprehensive pension reform legislation. The enactment of ERISA in September 1974 recast federal policy for private pension plans by making worker security an overriding objective of federal law.

The Employee Retirement Income Security Act of 1974

The Employee Retirement Income Security Act of 1974 PDF Author: James Wooten
Publisher: Univ of California Press
ISBN: 0520242734
Category : Business & Economics
Languages : en
Pages : 431

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Book Description
A comprehensive history of ERISA, the 1974 legislation that transformed the US private pension system.

Introduction to Employee Benefits Law

Introduction to Employee Benefits Law PDF Author: Kathryn J. Kennedy
Publisher:
ISBN: 9781531018276
Category :
Languages : en
Pages : 566

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MEWAs, multiple employer welfare arrangements under the Employee Retirement Income Security Act (ERISA)

MEWAs, multiple employer welfare arrangements under the Employee Retirement Income Security Act (ERISA) PDF Author:
Publisher:
ISBN:
Category : Electronic government information
Languages : en
Pages : 80

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ERISA Practice and Procedure

ERISA Practice and Procedure PDF Author: Ronald J. Cooke
Publisher:
ISBN:
Category : Pension trusts
Languages : en
Pages :

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QDROs

QDROs PDF Author:
Publisher:
ISBN:
Category : Divorce settlements
Languages : en
Pages : 104

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Labor-Management Reporting and Disclosure Act of 1959, as Amended

Labor-Management Reporting and Disclosure Act of 1959, as Amended PDF Author:
Publisher:
ISBN:
Category : Labor laws and legislation
Languages : en
Pages : 32

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Pension Funding Equity Act of 2004

Pension Funding Equity Act of 2004 PDF Author: United States. Congress
Publisher:
ISBN:
Category : Pension trusts
Languages : en
Pages : 64

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Downhill from Here

Downhill from Here PDF Author: Katherine S. Newman
Publisher: Metropolitan Books
ISBN: 1250119464
Category : Social Science
Languages : en
Pages : 336

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Book Description
A sharp examination of the looming financial catastrophe of retirement in America. As millions of Baby Boomers reach their golden years, the state of retirement in America is little short of a disaster. Nearly half the households with people aged 55 and older have no retirement savings at all. The real estate crash wiped out much of the home equity that millions were counting on to support their retirement. And the typical Social Security check covers less than 40% of pre-retirement wages—a number projected to drop to under 28% within two decades. Old-age poverty, a problem we thought was solved by the New Deal, is poised for a resurgence. With dramatic statistics and vivid portraits, acclaimed sociologist Katherine S. Newman shows that the American retirement crisis touches us all, cutting across class lines and generational divides. White-collar managers have seen retirement benefits vanish; Teamsters have had their pensions cut in half; bankrupt cities like Detroit have walked away from their commitments to municipal workers. And for Generation X, the prospects are even worse: a fifth of them expect to never be able to retire. Only the vaunted “one percent” can face retirement without fear. Other countries are confronting similar demographic challenges, yet they have not abandoned their social contract with seniors. Downhill From Here makes it clear that America, too, can—and must—do better.

ERISA Litigation

ERISA Litigation PDF Author: Jayne E. Zanglein
Publisher: BNA Books (Bureau of National Affairs)
ISBN: 9781570182549
Category : Pension trusts
Languages : en
Pages : 0

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Book Description