- Strength of Retirement System
- Retirement Plans: Workers’ Access
- Understanding Tax-Deferred Benefits
- Fees in Retirement Plans
- Retirement Policy Issues
- Participant Education
- More ICI Retirement Resources
Retirement Income Since ERISA
The Employee Retirement Income Security Act of 1974 (ERISA) established sweeping changes in the regulation of pension plans. Since then, private-sector employees have become more likely to work for an employer offering a defined contribution (DC) plan, such as a 401(k), than one offering a defined benefit (DB) plan.
Retirees in 2012 were more likely to receive income from private-sector employer-sponsored retirement plans, either directly or through a spouse, and more likely to enjoy a higher median retirement income, than their counterparts in the mid-1970s.