US Department of Labor marks 50th anniversary of landmark legislation protecting workers’ health, retirement plans with new webpage
Employee Retirement Income Security Act has protected benefits since 1974 WASHINGTON – The U.S. Department of Labor today announced the launch of a webpage that marks the 50th anniversary of the Employee Retirement Income Security Act and reflects on the landmark law’s impact on the retirement security of America’s workers. The webpage traces the history of ERISA and its protections of the health, retirement savings and other benefits plans of America’s workers. It also details how the department’s Employee Benefits Security Administration assists retirement plan beneficiaries and their families in claiming their benefits or reporting violations. Signed in September 1974, ERISA was designed to protect the interests of employee benefit plan participants and their beneficiaries and has evolved to meet the changing retirement and healthcare needs of workers and their families. “The Employee Income Retirement Security Act became law on L...