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Employee Retirement Income Security Act (ERISA)

The law that provides government protection of pensions for all employees with company pension plans. It also regulates vesting rights (employees who leave before retirement may claim compensation from the pension plan). It contains fiduciary standards to prevent dishonesty in pension plan funding.


Employee Retirement Income Security Act (ERISA) is the law that provides government protection of pensions for all employees with company pension plans. It also regulates vesting rights (employees who leave before retirement may claim compensation from the pension plan).


 

Employee Retirement Income Security Act (ERISA) signed into law by President Ford in 1974 to require that pension rights be vested, and protected by a government agency.


Employee Retirement Income Security Act (ERISA) is a legislation passed in 1974 applying to most private pension and welfare plans that requires certain standards to protect participating employees.

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