ERISA Proponents Seek Essential Improvements for Retirement Protections
Thursday, 12 September 2024, 04:45
ERISA's Importance in Today's Financial Landscape
As we reflect on the more than 50 years since ERISA's enactment, it's clear that the needs of the workforce have shifted. During a House hearing, key stakeholders emphasized the need for reforms that would better secure retirement funds. The proposals aim to enhance the reliability of retirement plans through legislative amendments.
Key Proposals on the Table
- Enhancing transparency in plan management
- Extending access to retirement benefits for gig economy workers
- Improving fees and cost-efficiency of retirement plans
These proposed improvements reflect a broader attempt to adapt to changing workforce dynamics.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.