The Retirement Equity Act

The Retirement Equity Act of 1984 updated federal laws to promote fairness and equality in retirement plans. It made it easier for spouses and former spouses to claim rights to retirement benefits, ensuring their financial security. The act also improved rules around plan withdrawals and survivor benefits, aimed at protecting the interests of all beneficiaries. Overall, it enhanced legal protections and clarified responsibilities for maintaining equitable distribution of retirement assets among family members and beneficiaries.