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This study of the Employee Retirement Income Security Act of 1974 (ERISA) explains in detail how public officials in the executive branch and Congress overcame strong opposition from business and organized labor to pass landmark legislation regulating employer-sponsored retirement and health plans. Before Congress passed ERISA, federal law gave employers and unions great discretion in the design and operation of employee benefit plans. Most importantly, firms and unions could and often did establish pension plans that placed employees at great risk for not receiving any retirement benefits. In the early 1960s, officials in the executive branch proposed a number of regulatory initiatives to protect employees, but business groups and most labor unions objected to the key proposals. Faced with opposition from powerful interest groups, legislative entrepreneurs in Congress, chiefly New York Republican senator Jacob K. Javits, took the case for pension reform directly to voters by publicizing frightening statistics and "horror stories" about pension plans. This deft and successful effort to mobilize the media and public opinion overwhelmed the business community and organized labor and persuaded Javits's colleagues in Congress to support comprehensive pension reform legislation. The enactment of ERISA in September 1974 recast federal policy for private pension plans by making worker security an overriding objective of federal law.
Book Synopsis The Employee Retirement Income Security Act of 1974 by : James Wooten
Download or read book The Employee Retirement Income Security Act of 1974 written by James Wooten and published by Univ of California Press. This book was released on 2005-01-24 with total page 433 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study of the Employee Retirement Income Security Act of 1974 (ERISA) explains in detail how public officials in the executive branch and Congress overcame strong opposition from business and organized labor to pass landmark legislation regulating employer-sponsored retirement and health plans. Before Congress passed ERISA, federal law gave employers and unions great discretion in the design and operation of employee benefit plans. Most importantly, firms and unions could and often did establish pension plans that placed employees at great risk for not receiving any retirement benefits. In the early 1960s, officials in the executive branch proposed a number of regulatory initiatives to protect employees, but business groups and most labor unions objected to the key proposals. Faced with opposition from powerful interest groups, legislative entrepreneurs in Congress, chiefly New York Republican senator Jacob K. Javits, took the case for pension reform directly to voters by publicizing frightening statistics and "horror stories" about pension plans. This deft and successful effort to mobilize the media and public opinion overwhelmed the business community and organized labor and persuaded Javits's colleagues in Congress to support comprehensive pension reform legislation. The enactment of ERISA in September 1974 recast federal policy for private pension plans by making worker security an overriding objective of federal law.
A comprehensive history of ERISA, the 1974 legislation that transformed the US private pension system.
Book Synopsis The Employee Retirement Income Security Act of 1974 by : James Wooten
Download or read book The Employee Retirement Income Security Act of 1974 written by James Wooten and published by Univ of California Press. This book was released on 2004 with total page 431 pages. Available in PDF, EPUB and Kindle. Book excerpt: A comprehensive history of ERISA, the 1974 legislation that transformed the US private pension system.
Book Synopsis Employee Retirement Income Security Act by : United States. Department of Labor
Download or read book Employee Retirement Income Security Act written by United States. Department of Labor and published by . This book was released on 1975 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Often-asked Questions about the Employee Retirement Income Security Act (ERISA) by : United States. Labor-Management Services Administration. Pension and Welfare Benefit Programs
Download or read book Often-asked Questions about the Employee Retirement Income Security Act (ERISA) written by United States. Labor-Management Services Administration. Pension and Welfare Benefit Programs and published by . This book was released on 1979 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Administration of the Employee Retirement Income Security Act by : United States. Labor-Management Service Administration. Office of Employee Benefits Security
Download or read book Administration of the Employee Retirement Income Security Act written by United States. Labor-Management Service Administration. Office of Employee Benefits Security and published by . This book was released on with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Administration of the Employee Retirement Income Security Act by : United States. Department of Labor
Download or read book Administration of the Employee Retirement Income Security Act written by United States. Department of Labor and published by . This book was released on 1975 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Employee Retirement Income Security Act by : United States. Department of Labor
Download or read book Employee Retirement Income Security Act written by United States. Department of Labor and published by . This book was released on 1976 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Employee Retirement Income Security Act by : United States. Commission on Federal Paperwork
Download or read book The Employee Retirement Income Security Act written by United States. Commission on Federal Paperwork and published by . This book was released on 1977 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Legislative History of the Employee Retirement Income Security Act of 1974 by : United States
Download or read book Legislative History of the Employee Retirement Income Security Act of 1974 written by United States and published by . This book was released on 1976 with total page 1636 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Employee Retirement Income Security Act by : United States. Department of Labor
Download or read book Employee Retirement Income Security Act written by United States. Department of Labor and published by . This book was released on 1979 with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt: