#6 – Employee Retirement Income Security Act

September 2, 1974

By signing the Employee Retirement Income Security Act (ERISA), President Gerald R. Ford guarantees the pension rights of 23 million Americans. Appropriately, President Ford signs the ERISA on Labor Day 1974 which establishes minimum standards for pension plans in private industry and provides for extensive rules on the federal income tax effects of transactions associated with employee benefit plans.

Employee Retirement Income Security Act