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Posted

Where can I get a copy of the current ERISA, updated currently?

I'd like to do some research on something and I want to use the primary source.  And NOT the 1974 version, lol

QKA, QPA, CPC, ERPA

Two wrongs don't make a right, but three rights make a left.

Posted

Go figure. 

According to my old boss, an angry participant could just pick up the phone and call ERISA, especially to rat out a bad employer.  😳

Posted

Back in the day (ie, just after ERISA was passed; yes, I'm that old), the common joke was Every Ridiculous Idea Since Adam.

I'm a retirement actuary. Nothing about my comments is intended or should be construed as investment, tax, legal or accounting advice. Occasionally, but not all the time, it might be reasonable to interpret my comments as actuarial or consulting advice.

Posted

When I started into practice (shortly after TRA '86 was passed), senior ERISA partner who was about to retire gifted me his copy of the original CCH volume on ERISA -- complete with all of his handwritten annotations. 

A small part of me still thinks it belongs in some arcane museum somewhere. 

Posted

@Bri your boss probably meant EBSA, not ERISA.

EBSA = Employee Benefits Security Administration (part of the DOL)

ERISA = Employee Retirement Income Security Act

This is oversimplified, but generally, EBSA enforces ERISA / parts of retirement law contained in 29 USC, and there is a way to report plan officials that misbehave.

Posted

No, my boss was sharing a laugh with me at idiot participants that get their TPA's phone number and next threaten to "call ERISA" if they don't get what they want!

Posted

It is likely @Bri 's boss was making the comment long before the EBSA started to be used.  The name of the group at the time ERISA was enacted was the "Pension and Welfare Benefits Program".  In January 1986, the group became the Pension and Welfare Benefits Administration and used the acronym PWBA.  It was February 2003 when the group became the Employee Benefits Security Administration (EBSA).

Did someone just whisper "OK Boomer"?

 

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