HISTORY
01.Core Concepts
• 19th century – first company sponsored pension plans in the railroad industry • 1921 – Congress provides preferential treatment to retirement plans. • 1930s & 40s – Congress provided that retirement funds had to be used for employees and plans could not discriminate in favor of highly compensated employees. • 1974 – ERISA enacted to protect retirement and pension benefits – basis for qualified plans today. • 2001 – EGTRRA • 2006 – Pension Protect Act • 2018 – Tax Cut and Jobs Act of 2017 • 2020 – The SECURE Act 2019 • 2022 – The SECURE 2.0 Act of 2022