The 1974 passage of ___________________ represented a comprehensive reform of pension regulations in the U.S.

Question

Quizplus · Accepted Answer

The 1974 passage of the Employee Retirement Income Security Act represented a comprehensive reform of pension regulations in the U.S. It established minimum standards for employer-sponsored pension plans, including rules around participation, vesting, funding, and disclosures, and created the Pension Benefit Guaranty Corporation to protect the pensions of workers in the event of plan termination. The Age Discrimination in Pension Coverage Reform Act and Pension Benefit Guarantee Corporation Act both focused on specific aspects of pension regulation rather than the comprehensive reform of the 1974 act.

The 1974 Passage of ___________________ Represented a Comprehensive Reform of Pension