A look at ERISA
Imagine the day of your retirement, fondly looking forward to the golden days ahead, safe in your knowledge that your company pension will support your financial needs. Then to your horror, you find out that your company has squandered the funds set aside for retirement! Thankfully, there are protections in place to prevent this scenario from playing out. In 1974, the Employee Retirement Income Security Act (referred hereafter as ERISA) was passed into law. This act gave protection to employee pensions and retirement funds.
<Tab/>Although there was regulation of employer pens…
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