Pension and Retirement Laws

Pension and retirement laws are regulations that govern how retirement savings plans operate, ensuring that employees can receive income after they stop working. These laws set standards for pension plans, including how funds are managed, vested employee rights, and minimum funding requirements. They also regulate benefits from Social Security and various retirement accounts, like 401(k) plans. The goal is to protect employees' savings, promote fair practices, and ensure that individuals have financial security in retirement. Understanding these laws helps workers make informed decisions about their future financial health.