ERISA after 25 years: a framework for evaluating pension reform
Article Abstract:
The reform of the Employee Retirement Income Security Act (ERISA) is very much needed because of several pressing issues that have to be addressed. Among them are the simplification of ERISA, the relaxation or total elimination of certain pension and income retirement account caps and a loosening of limitations imposed on defined pension plans in the 1980s. The proposed reform of ERISA and the issues surrounding it are part of a project consisting of two conferences that will integrate proposed measures to ensure adequate retirement income from private pensions.
Publication Name: Benefits Quarterly
Subject: Human resources and labor relations
ISSN: 8756-1263
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
My perspective on ERISA
Article Abstract:
A financial and fiduciary specialist evaluated the impact of the Employee Retirement Income Security Act (ERISA) in terms of factors involved in investment decision making. These are expertise, objectivity, skepticism, judgment, facts and reasons to support a certain judgment and managing risk and expense. ERISA is perceived to be an effective model for public retirement systems because it solely safeguards the interests of participants and beneficiaries. In addition, ERISA' concepts of prudence and loyalty are compatible with principles of the free market.
Publication Name: Benefits Quarterly
Subject: Human resources and labor relations
ISSN: 8756-1263
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
Revising ERISA for the next 25 years
Article Abstract:
Several benefit attorneys and pension consultants, along with a fiduciary consultant gave their respective viewpoints on what needs to be revised in the Employee Retirement Income Security Act (ERISA). The proposed revisions range from the creation of a commission to simplify pension legislation, retention of the dual jurisdiction of the Dept of Labor and the Internal Revenue Service to amendments facilitating employee choice. The proposed amendments would keep ERISA relevant to rapidly changing business practices and social changes.
Publication Name: Benefits Quarterly
Subject: Human resources and labor relations
ISSN: 8756-1263
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: A competency-based framework for promoting corporate entrepreneurship. The development of strategic human resource professionals at BAE systems
- Abstracts: Strategic human resources: a new source for competitive advantage in the global arena. Multinational corporation management strategies and international human resources practices: bringing IHRM to the bottom line
- Abstracts: AFSCME as a political union. Union commitment and membership support for political action: an exploratory analysis
- Abstracts: Persistence of Interindustry Wage Differentials: A Reexamination Using Matched Worker-Firm Panel Data. Wages, Productivity, and Worker Characteristics: Evidence from Plant-Level Production Functions and Wage Equations