Human Capital Management White Papers
Defined-Benefit Pension Plans: Current Problems and Future Challenges
Overview Lawmakers initially became concerned about workers' receipt of promised pension benefits after the failure of several large plans in the 1960s, which eventually led to the enactment in 1974 of the Employee Retirement Income Security Act (ERISA). That law specified minimum standards that pension plans must meet regarding participation, accrual of benefits, vesting, and funding. Along with those standards, PBGC was created to insure pension beneficiaries against the loss of promised benefits as a result of a plan's inadequate funding.
| Publisher | Congressional Budget Office | File Format | |
|---|---|---|---|
| Date Published | June 2005 | Downloads | 511 |
| Format | White Papers | ||
| Topics | |||



