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Employee Retirement Income Security Act

   Also found in: Dictionary/thesaurus, Legal, Financial, Wikipedia 0.01 sec.
Employee Retirement Income Security Act (ERISA),
n.pr a federal act, passed in 1974, that established new standards and reporting and disclosure requirements for employer-funded pension and health care benefits programs. To date, self-funded health care benefit plans operating under ERISA have been held to be exempt from state insurance laws. This exemption is currently under review.


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Petersen Practice Area: Labor and Employment Law Life, Health and Disability Law, Employee Retirement Income Security Act "ERISA" Litigation
Employees there allege that when top executives allegedly backdated stock options illegally and secretly, they breached their fiduciary responsibility under the Employee Retirement Income Security Act (ERISA).
The DOL's Employee Benefits Security Administration enforces the Employee Retirement Income Security Act of 1974 (ERISA), which sets certain minimum standards for private sector pension plans.
 
 
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