Reported about 1 month ago
The Employee Retirement Income Security Act (ERISA), enacted in 1974 to protect retirement savings for American workers, is becoming outdated as it only applies to a portion of the workforce and fails to address the rise of self-employed and gig workers. While ERISA has fortified workers' benefits and established necessary safeguards, the dwindling number of traditional pensions and changes in employment patterns necessitate a reconsideration of the law to ensure broader and more effective retirement saving opportunities.
Source: YAHOO