Erisa after 25 Years: A Framework for Evaluation Pension Reform

9 Pages Posted: 18 Sep 2001

See all articles by William G. Gale

William G. Gale

Brookings Institution

John B. Shoven

Stanford University - Department of Economics; National Bureau of Economic Research (NBER)

Mark J. Warshawsky

Towers Watson; Mercatus Center at George Mason University

Abstract

Labor Day 1999 marked the twenty-fifth anniversary of the passage of the Employee Retirement and Income Security Act, the landmark legislation that enacted sweeping reforms in the nature and structure of the private pension system. Since that time, the taxation and regulation of pensions has been further revised on numerous occasions. Nevertheless, the impact of existing policy and the appropriate direction of future pension policy have become even more controversial issues, especially in light of the aging of the baby boom generation and the need for social security reform. We have organized two conferences to examine the foundations and the future of the private pension system. The main goals are to provide a comprehensive view of the underlying assumptions, characteristics and effects of existing pension policy, and alternative views on how public policy toward pensions should evolve in the future.

Suggested Citation

Gale, William G. and Shoven, John B. and Warshawsky, Mark J., Erisa after 25 Years: A Framework for Evaluation Pension Reform. Benefits Quarterly, Vol. 15, Iss. 4, pp. 73-81, Fourth Quarter, 1999. Available at SSRN: https://ssrn.com/abstract=283732 or http://dx.doi.org/10.2139/ssrn.283732

William G. Gale (Contact Author)

Brookings Institution ( email )

1775 Massachusetts Avenue, NW
Washington, DC 20036
United States
202-797-6148 (Phone)
202-797-6181 (Fax)

John B. Shoven

Stanford University - Department of Economics ( email )

Landau Economics Building
579 Serra Mall
Stanford, CA 94305-6072
United States
650-326-5377 (Phone)
650-328-4163 (Fax)

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue
Cambridge, MA 02138
United States

Mark J. Warshawsky

Towers Watson ( email )

Arlington, VA
United States

Mercatus Center at George Mason University

3434 Washington Blvd., 4th Floor
Arlington, VA 22201
United States

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