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The Retirement Equity Act and Beyond
Phyllis Borzi via Work in Progress, The Official Blog of the U.S. Department of Labor [DOL]
[Opinion] Sept. 3, 2013
"Women have made enormous strides over the past three decades, in the workplace and beyond -- and it's important to reflect on the men and women who fought for the changes that have led to greater gender equality. One of those changes was introduced 29 years ago: The Retirement Equity Act became law, ushering in important protections for America's workers and their families.... The act lowered the minimum age requirement for pension plan participation, it prevented plans from penalizing parents who took time off to raise families, it allowed pension plans to make court-ordered payments to former spouses and it mandated spousal consent for workers to waive survivor benefits. In short, it began to recognize the working patterns of women, who remain more likely to interrupt their careers to take care of a family member, and provided greater retirement protection for women throughout the country."
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