Fiduciary Facelift: ERISA Has Evolved—Have You?

Over 46 years ago, the Employee Retirement Income Security Act (ERISA) was passed overwhelmingly in the House of Representatives by a 376-4 vote. Congress passed ERISA to empower American workers toward retirement security.

Fast forward, on May 23, 2019, the House of Representatives overwhelmingly passed the Setting Every Community Up for Retirement Enhancement Act (SECURE) by a vote of 417-3. Congress is still passing pension laws by wide margins with bi-partisan support …yet results are suboptimal in terms of retirement readiness.

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