Employee Retirement Income Security Act


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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.
References in periodicals archive ?
I am writing to comment on a proposed regulation issued by the Pension Benefit Guaranty Corporation (PBGC), relating to the annual financial and actuarial reporting requirements imposed under section 4010 of the Employee Retirement Income Security Act of 1974 (ERISA).
8) The Third Circuit Court's decision noted that the Employee Retirement Income Security Act was designed to ensure that all interested parties, including beneficiaries, would know how a plan may be changed and who may make the alterations.
According to several authorities, a taxpayer does not have any tax basis in qualified retirement plan assets such as IRAs or 401(k)s because the Employee Retirement Income Security Act of 1974 established a taxpayer has zero basis in a traditional IRA because no taxes were paid on either the contributions or earnings.
The Employee Retirement Income Security Act (ERISA) exempts self-insured plans from state regulation since they are regulated by federal law.
The benefits case involves the federal Employee Retirement Income Security Act, which requires pension benefits to be vested in five years, which means a worker cannot be forced to give up those benefits.
Qualified plans are governed by the Employee Retirement Income Security Act (ERISA) and must be offered to all employees.
PBGC) lien arising from the Employee Retirement Income Security Act of 1974 (ERISA) and vicarious tort liability.
The Employee Retirement Income Security Act of 1974 established standards for employee-benefit plans, including health plans, which gained significant exemptions from state regulation.
The DOL is holding nationwide seminars to improve workers' health and retirement security by educating employers and service providers about their fiduciary responsibilities under the Employee Retirement Income Security Act.
While the Employee Retirement Income Security Act (ERISA) establishes clear funding requirements, those apparently have not guaranteed prudent funding levels by plan sponsors.
These firms perform more than 55% of the approximately 80,000 audits conducted annually in compliance with the Employee Retirement Income Security Act (ERISA).
The Department of Labor and the AICPA recently announced they have partnered in a national campaign to educate employers and service providers about their fiduciary responsibilities under the Employee Retirement Income Security Act.

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