Careers: Q&A on pensions: Institute experts answer members´ questions concerning the new U.S. pension law and its effect on engineers

On September 1, 1974, President Ford signed into law a bill called the Employee Retirement Income Security Act (ERISA ´74), popularly known as the Pension Reform Bill. IEEE vigorously supported this bill and took an active role in furthering various amendments specifically tailored to assist the employed engineer. Many members of the Institute are wondering what they should and can do to take full advantage of ERISA ´74, and what IEEE is doing to solve their pension problems. Some of the questions asked by IEEE members about the current situation are covered in this article.