The Pros And Cons Of ERISA

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It it is so tactful to read good news nowadays, for the reason that we are constantly hearing bad news’s everywhere around the whole world. Reading a small passage from article for ERISA to Have a Future, Return it to its Roots, I encountered that ERISA was crafted by Democrats and Republicans and supported by business and labor as well. For example,” Forty years ago, President Ford signed the Employee Retirement Income Security Act into law. It's hard to conceive now, but ERISA was crafted by both Democrats and Republicans with support from both business and labor. Since then, it's protected the pensions of tens of millions.” Now the pensions for retirement is certain in dangerous. They are using the money for publishing media as it guises! …show more content…
they probably think, “ho they will retire in a few years from now, it is no problem, we can give their money back on time!” this is how the retirees will face problems concerning their retirement and pension. Another example, “Back then, most people with an employer-provided plan had pensions with lifetime retirement income. Today, most that have plans have savings plans, not traditional pensions. Those plans are smaller and most are paid out as lump sums.” This is why I consider these people are not using wisdom for the nation and the reason why this nation is in debt, affecting the whole

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