What is ERISA?
HR Daily Advisor
MARCH 20, 2015
ERISA stands for the Employee Retirement Income Security Act of 1974. In short, this is the federal law that creates standards for retirement, health, and pension plans. Even though such plans are typically set up privately, employers that opt to offer them have an obligation to meet the requirements under ERISA when implementing their plans. The Act advises when employees must be allowed to join the plan. Compensation benefits COBRA ERISA HIPAA
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