The Case for a Revitalized Preemption Standard

Benefits and executive compensation partner Sarah Bassler Millar authored an article for Bloomberg Law that reflects on the 50th anniversary of the Employee Retirement Income Security Act (ERISA) and its impact on employers and employees.

Millar explains how ERISA aimed to balance the interests of both parties, providing guidelines for employer-sponsored retirement plans while ensuring participant protections; however, as ERISA nears its milestone, complexities arise from state laws intersecting with ERISA regulations. Millar addresses whether a potential need for a new approach to simplify compliance and administrative burdens through enhanced federal rules and preempting duplicative state laws.

Copyright 2024 Bloomberg Industry Group, Inc. (800-372-1033) The Case for a Revitalized Preemption Standard. Reproduced with permission.