A resolution commemorating the 48th anniversary of the signing into law of the Employee Retirement Income Security Act of 1974, recognizing the importance the Employee Retirement Income Security Act of 1974 plays in protecting the interests of participants in employee benefit plans and their beneficiaries, and recognizing the need to encourage more workers to participate in such plans to save for their retirement.

Bill 117 sres 752 is a resolution that commemorates the 48th anniversary of the signing into law of the Employee Retirement Income Security Act of 1974 (ERISA). The resolution recognizes the importance of ERISA in protecting the interests of participants in employee benefit plans and their beneficiaries. It also acknowledges the need to encourage more workers to participate in such plans in order to save for their retirement.

ERISA was signed into law on September 2, 1974, and it sets minimum standards for most voluntarily established pension and health plans in private industry to provide protection for individuals in these plans. The law also created the Pension Benefit Guaranty Corporation to insure pension benefits in private-sector defined benefit plans.

The resolution highlights the significance of ERISA in ensuring that workers have access to retirement savings and are protected from potential abuses or mismanagement of their benefits. It emphasizes the importance of encouraging more workers to participate in employee benefit plans to secure their financial future in retirement. Overall, Bill 117 sres 752 serves as a reminder of the importance of ERISA in safeguarding the retirement savings of American workers and calls for increased awareness and participation in employee benefit plans to ensure a secure retirement for all.