ERISA


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ERISA

ERISA

Employee Retirement Income Security Act of 1974 Managed care A legislative act for regulating employee benefit plans–eg, healthcare plans sponsored and/or insured by an employer; ERISA exempts from state regulations, those companies that provide self insurance, or which fund their own insurance plans

ERISA

Employee Retirement Income Security Act.

ERISA,

n.pr the acronym for the Employee Retirement Income Security Act of 1974. See also Employee Retirement Income Security Act.
References in periodicals archive ?
The hospitals argued that pension plans do not have to be established by a church for the ERISA exemption to apply because the plans are maintained by qualifying church-affiliated organizations.
However, the inability of a governmental plan to elect ERISA coverage should not be confused with an inability to voluntarily follow ERISA provisions as if it were an ERISA plan.
Liberty Mutual: Supreme Court justices question Vermont's self-insured plan data call PPACA: Michigan Implements Rate Review Regs Supreme Court backs self-insured plans in ERISA case
To prevent prohibited transactions, ERISA and the IRC provide exemptions, as does the DOL-both class and individual.
The DOL noted that the marketplace could include both ERISA plans and non-ERISA savings programs, and that ERISA coverage would be determined based on the nature of the plan chosen and the employer s involvement.
The ERISA renaissance: Will the Supreme Court's affinity for sweeping decisions continue in Tibble?
ERISA requires employers to give plan participants in writing the most important facts they need to know about their health benefit plans, including plan rules and documents on the operation and management of the plan.
Plan sponsors--as well as other ERISA fiduciaries, including shareholders, members of boards of directors, plan committee members, and employees responsible for plan operations--are expected to fulfill their fiduciary duties with the knowledge and skill of a prudent expert.
the suspected ERISA violations to the attention of her supervisor, who
A pension plan is defined by ERISA as "any plan, fund, or program .
An ERISA plan certainly should be able to opt out of a business conduct requirement when it appears that complying with the requirement could hurt the plan, the council says.