Retirement US ESOP bill offers valuation clarity, not a safe harbour Retire through Ownership Act would give fiduciaries greater certainty over “adequate consideration” while preserving ERISA duties iStock.com/kentoh Image Emily Rickard Associate, Morgan Lewis Image Matthew Chapman Partner, Morgan Lewis Thursday 01 October 2026 The Retire through Ownership Act, which has passed both chambers of the US Congress and is awaiting presidential action, offers some clarity under the Employee Retirement Income Security Act Get AccessContinue reading International Employment LawyerAlready have access? Login now Email Enter your email address. Password Enter the password that accompanies your email address. Reset your passwordLog in Need access? Find out how to enjoy unlimited accessGet access For more on legislative change across the globe, see the IEL Monitor – IEL’s forward-looking tracking tool that covers developments in labour and employment law around the world. You might also like... Benefits US business hit by wave of ERISA complaints from smokers Disputes Attorney and law firm to pay over $1m for ERISA violations Pensions Why a Ninth Circuit decision on excessive fees is vexing ERISA experts Community Morgan Lewis welcomes back ESOP specialist from K&L Gates