"As the 113th Congress begins its work ... it is perhaps not surprising that the nuances of employee benefit plans and their tax treatment might not be an area of expertise for many on Capitol Hill.... [Y]ou might not be surprised to learn that no member of the current Senate was in office when Medicare, or even ERISA was signed into law. But ... just three of the current 100 members of the Senate were there when Sec. 401(k) became law, and only 10 were there when the Tax Reform Act of 1986 became a reality. Fewer than half of the Senate were in their current office when the Pension Protection Act of 2006 passed. The implications for policy making in the midst of that kind of turnover are significant for employers and employees alike."

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