Adapting to Portable Employee Benefits in the Gig Economy

Law360

Michelle Capezza, a Member of the Firm in the Employee Benefits and Health Care and Life Sciences practices, in the firm’s New York office, authored an article in Law360 titled “Adapting to Portable Employee Benefits in the Gig Economy.” (Read the full version – subscription required.)

Following is an excerpt:

Furthermore, many attribute the “retirement crisis” to the loss of these employer-provided pension plans, which were designed to secure a monthly income stream for employees in their retirement and did not require management from the employees themselves in order to attain such savings. As more workers must invest for themselves and turn to individual retirement accounts, the law has now also placed heightened responsibility on financial institutions and advisers to demonstrate that they provide retirement investors with unconflicted investment advice that is in the investors’ best interests, calling into question the future of this approach to retirement savings as well.

A version of Ms. Capezza’s article was also published in Epstein Becker Green’s Take 5 Newsletter.