Happy birthday ERISA! The Employee Retirement Income Security Act of 1974 turns 40 on September 2. Heres a look at 11 important milestones, modifications and case law in the legislations 40-year history.
On Sept. 2, 1974, President Gerald R. Ford signed the Employee Retirement Income Security Act into law. In a statement on Labor Day that year, he surmised that the landmark measure could finally give the American worker solid protection in his pension plan.
[Image: Pension Benefit Guaranty Corporation]