ERISA
Employee Retirement Income Security Act of 1974
§ LEGISLATIONhealthcare· 1974
What It Did
Set minimum standards for private-sector pension and health plans to protect participants and beneficiaries. Created the Pension Benefit Guaranty Corporation to insure defined-benefit pensions and established fiduciary responsibilities for plan administrators.
The Vote
House · 407–2 (conference report)
D
237 YEA · 1 NAY
R
170 YEA · 1 NAY
Senate · 85–0 (conference report)
D
52 YEA · 0 NAY
R
33 YEA · 0 NAY
Key Sponsors
→ Harrison A. Williams (D-NJ) · Senate
→ John H. Dent (D-PA) · House
Sources: Congress.gov · VoteView · FRED
In the Years Following
Economic indicators related to this law, showing 5 years before through 10 years after.
CPI — Medical Care
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CPI — All Items
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Avg Hourly Earnings (Production)
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Many factors influence economic outcomes. This chart shows trends in the years surrounding this legislation — not necessarily caused by it.