EMPLOYEE RETIREMENT INCOME SECURITY ACT. A federal Act that governs the funding, vesting, administration, and termination of private pension plans. This Act also established the Pension Benefit Guaranty Corporation.
Employees Retirement Income Security Act. A law enacted in 1974 covering private pension plans, setting standards for fiduciaries personally liable for breaches of responsibility.
Employee Retirement Income Security Act. Adopted in 1974, the Act affects many aspects of pension and profit-sharing plans and regulates the investments such plans can make and the conduct of their fiduciaries.
Employee Retirement Income Security Act. A Federal law that exempts self-insured health plans from state laws governing health insurance, including contribution to risk pools, prohibitions against disease discrimination, and other state health reforms.
Employee Retirement Income Security Act. Supercedes state regulations for employee health insurance programs where the company has self-insured.
( mployee etirement ncome ecurity ct) This is the federal act of 1974, as amended, which governs the administration, supervision, and management of pension plans and welfare plans.
Federal law passed in 1974 in response to notorious instances in which pension funds had been mishandled or had disappeared entirely. ERISA tightened the standards for the management of pension plans and gave regulatory powers to the Department of Labor and the Internal Revenue Service. A number of subsequent amendments and laws since 1974 have strengthened ERISA’s protections.
one provision of this Act allows self-insured plans to avoid paying premium taxes, complying with state-mandated benefits, or otherwise complying with state laws and regulations regarding insurance, even when insurance companies and managed care plans that stand risk for medical costs must do so. Another provision requires that plans provide an Explanation of Benefit (EOB) a statement in the event of a denial of a claim, explaining why the claim was denied and informing the individual of his or her rights of appeal.
Primarily enacted to effect pension equality, ERISA also contains provisions to protect the interests of group insurance plan participants and beneficiaries. It requires, among other things, that insurance plans be established pursuant to a written instrument that describes the benefits provided under the plan, names the persons responsible for the operation of the plan, and spells out the arrangement for funding and amending the plan.
ERISA is a broad set of laws providing uniform regulation of pensions and welfare benefit plans. ERISA is written in very general terms, which has led to much of its interpretation and impact being determined in case law from court verdicts. As it relates to benefit plans, ERISA provides a general framework for the set up and operation of a self-funded plan. ERISA was written with a pre-exemption of state law included, which means groups that can declare ERISA exemption do not have to comply with state mandates regarding benefits provided under a benefit plan.
a federal law passed to protect pension rights
a federal law that sets minimum standards for most voluntarily established pension and health plans in private industry to provide protection for individuals in these plans
The federal law that mandates reporting and disclosure requirements for self-insured health plans. It also prohibits states from regulating insurance plans offered by employers to their employees if the employer is self-insured.
(See Employee Retirement Income Securities Act of 1974.)
This stands for the Employment Retirement Income Securities Act. The act, through various laws and regulations, creates minimum standards to assure the equitable character and financial soundness of employee benefit plans. Your 401k plan, retirement benefits, pension plans, and other employee retirement plans are covered under ERISA laws. The LegalZoom Prenuptial Agreement allows you to keep your retirement benefits, at your request, as separate property, and thus, allows you to enjoy the retirement benefits you have earned without having to split those benefits with your ex-spouse should your marriage end.
law that established rules and regulations to govern private pension plans. Most self-insured health plans are created under this act
Employment Retirement Income Security Act. a federal act, passed in 1974, that established new standards and reporting/disclosure requirements for employer-funded pension and health benefit programs. To date, self-funded health benefit plans operating under ERISA have been held to be exempt from state insurance laws. This exemption is currently under review.
ERISA is the Employee Retirement Income Security Act of 1974, as amended. ERISA is a federal law governing the administration, supervision, and management of health and welfare plans, as well as pension plans.
Employment Retirement Income Security Act -- lets Interstate companies with more
The Employee Retirement Income Security Act of 1974 is a federal law that regulates private retirement plans and specifies certain criteria that public plans must meet in order not to be subject to the bulk of the ERISA provisions. ERISA requires plan administrators to have fiduciary responsibility and operate under the prudent expert standard.
Employee Retirement Income Security Act of 1974, as amended from time to time.
Employment Retirement Income Security Act of 1974. Congressional legislation designed to protect pension benefits earned by workers, motivated by abuses and bankruptcies of the early 1970's. This law had the unintended effect of effecting the development of future retirement plan laws, according to the Congressional Research Service, as the amount of pension plans has declined in the subsequent 30 year period.
The Employee Retirement Income Security Act - legislation passed in 1974 to set minimum pension standards and to dictate how pension funds must be administered for the sole benefit of participants, retirees, and beneficiaries.
Employee Retirement Income Security Act. Law governing the overall administration and operation of most kinds of retirement plans.
The Employee Retirement Income Security Act, a U.S. law governing private U.S. pension plan activity, introduced in 1974 and amended in 1981 to permit plans to lend securities in accordance with specific guidelines. Escrow / riparty: The provision of collateral management services by a third party. This may include custody, marking to market, margin calls and delivery.
Is the Employee Retirement Income Security Act. It was enacted into law in 1974.
You will see and hear this word a lot. It is an acronym for the "Employee Retirement Investment Savings Act," the federal law that covers employee benefits. The full name is a mouthful, and ERISA is used in its place.
Employee Retirement Income Security Act of 1974 (ERISA). Health plans that are self-insured are exempt from state regulation under ERISA provisions.
Employee Retirement Income Security Act. A law that protects the rights of benefit plan participants and beneficiaries.
The basic law covering qualified retirement plans; it consolidates pertinent IRS and labor law provisions. (Employee Retirement Income Security Act of 1974)
Employee Retirement Income Security Act. The federal law that establishes the basic requirements for employee benefit plans. The authority for administering and enforcing ERISA is divided among three federal agencies: The Internal Revenue Service (IRS), the Department of Labor (DOL), and the Pension Benefit Guaranty Corporation (PBGC).
Employee Retirement Income Security Act of 1974. This law governs qualified plans and it incorporates the pertinent provisions of both the Internal Revenue Code and labor laws.
The Employee Retirement Income Security Act of 1974 (ERISA) is a federal law that affects pension and profit-sharing plans. Among other provisions, this law specifies a published summary plan must be distributed to participants within 120 days after adoption of the plan and within 90 days after an employee becomes a participant. The law requires that a summary plan description be issued every 5 years.
Employee Retirement Income Security Act. Federal legislation enacted in 1974 applicable to most private pension and welfare plans. The legislation seeks to protect covered employees by establishing certain minimum standards for such plans.
Legislation passed in 1974 and administered by the Department of Labor that controls the investment activities primarily of corporate and union pension plans. More public pension funds are adopting ERISA-like standards. [Go to source
The Employee Retirement Income Security Act. It outlines legal requirement for employer-sponsored retirement plans, pension plans, and other established plans for the benefit of employees.
Plan sponsors are required by law to design and administer their plans in accordance with the Employee Retirement Income Security Act of 1974 (ERISA). Among its statutes, ERISA calls for proper plan reporting and disclosure to participants.
Employee Retirement Income Security Act. Legislation passed in 1974 applying to most private pension and welfare plans that requires certain minimum standards to protect participating employees.
See Employee Retirement Income Security Act.
Employee Retirement Income Security Act. A 1974 Federal law that established new standards and reporting and disclosure requirements for self-insured employers and their health benefit programs; self-funded health benefit plans operating under ERISA are exempt from State insurance laws and regulations.
EMPLOYEE RETIREMENT INCOME SECURITY ACT. A comprehensive pension reform law established in 1974 which established the use of, among other things, the Individual Retirement Account (IRA). p 80
in the U.S., refers to the Employee Retirement Income Security Act of 1974. ERISA is a major U.S. law which guarantees certain categories of employees a pension after some period at their employer; there had been more ambiguity before about what rules an employer could put on which employees could get a pension.
The Employee Retirement Security Income Act.
The Employee Retirement Income Security Act of 1974 (ERISA) sets certain standards for 401(k) plan administrators and requires uniform rights for plan participants.
Employee Retirement Income Security Act. ERISA, passed in 1974, is a comprehensive package dealing with all areas of pensions and employee benefits. ERISA includes requirements on pension disclosure, participation standards, vesting rules, funding, and administration. ERISA also mandated the creation of PBGC.
Commonly used abbreviation for Employee Retirement Income Security Act. This most often comes into play in a divorce case when there are pension or other retirement benefits that need to be divided up. See " Qualified Domestic Relations Order" [QDRO].
An acronym standing for the 1974 Employee Retirement Income Security Act which regulates certain employee benefit plans.
Acronym for the Employee Retirement Income Security Act of 1974. ERISA governs qualified retirement savings plans.
Employee Retirement Income Security Act. is a group of federal statutes enacted in 1974 that, among other things, prohibits states from regulating the employee welfare benefit plans, including health plans, of self-insured businesses. ERISA does, however, establish certain regulations related to reporting and disclosure, fiduciary standards, claims review and enforcement. It also provides limited protection against discrimination to ERISA health plan participants. 31
ERISA is the federal law establishing requirements governing employee pension and welfare plans including communications, disclosures, and reporting.
Employee Retirement Income Security Act. This law protects most consumers' retirement plans. ERISA covered plans are considered exempt in most bankruptcy cases, even if state law does not list it as such.
Acronym for the Employment Retirement Income Security Act. A federal law that governs pension and welfare employee benefit plans. Sets guidelines for these programs. A group of complex and extensive law governing employee benefits.
The 1974 Employee Retirement Income Security Act. A law governing US Pension plan activity, which was amended in, 1981 to allow US pension funds to lend securities in accordance with specific guidelines.[ ] FAIL A failure by a counterpart to deliver cash or collateral for settlement.
Employee Retirement Income Security Act. A law that mandates reporting and disclosure requirements for group life and health plans.
Employee Retirement Income Security Act. Federal law passed in 1974 that regulates the establishment, management, operation, and funding of most non-government pension and benefit plans. See: Profit Sharing Retirement Plan
Employee Retirement Income Security Act. The 1974 law that regulates the operation of private pensions and benefit plans.
Employee Retirement Income Security Act. ERISA is an acronym for the Employee Retirement Income Security Act of 1974. ERISA is designed to protect workers by setting uniform minimum standards
Employee Retirement Income Securities Act. A 1974 law governing the operation of most private pension and benefit plans. This law eased pension eligibility rules, set up the Pension Benefit Guaranty Corporation, and established guidelines for the management of pension funds.
Employees Retirement Income Securities Act
The Employee Retirement Income and Security Act, a 1974 federal law. Under this law, which was passed when there were few HMOs, these employer health plans essentially cannot be sued in state courts. Damages in federal court are limited to the cost of the treatment denied -- even if the result was death or permanent disability. Legislation addressing this restriction has been introduced in Congress and some states.
The Employee Retirement Income Security Act of 1974, a law which governs the operation of most private U.S. pension and benefit plans. Amendments to ERISA in 1981 permitted these entities to loan out their securities and thus earn additional income on their portfolios.
The Employee Retirement Income Security Act of 1974 which regulates employee retirement and welfare plans(Pub.L. 93-406)
Employee Retirement Income Security Act. The federal Employee Retirement Income Security Act of 1974, which reserves for the federal government the power to enact any laws or regulations that "relate to" employer-sponsored benefit plans. These benefits have been broadly interpreted by the courts to include pensions, health plans, and other benefits. The Act leaves to the states the right to regulate commercial health insurance plans. Since states have been very active in this area, while the federal government has not, many large employers have established "self-insured" health plans that are not subject to state regulations on health plan rates, benefits, and other protections.
(Employee Retirement Income Security Act of 1974) is a Congressional Act that replaced the Welfare & Pension Plans Disclosure Act of 1962. ERISA requires that qualifying employee benefit plans be bonded by acceptable surety companies (as listed by the U.S. Treasury Department) for the protection of plan funds against loss by acts of fraud or dishonesty on the part of those persons handling the funds. ERISA also requires the disclosure and reporting of financial and other information concerning the operations of employee benefit plans. Hartford is a very active writer of ERISA bonds.
The Employee Retirement Income Security Act is a federal law covering all aspects of employee retirement plans. If employers provide plans, they must be adequately funded and provide for vesting, survivor's rights, and disclosures.
Employee Retirement Income Security Act. (USA) The Employee Retirement Income Security Act ... Add a comment
Employee Retirement Income Security Act of 1974 - administered by the Pension and Welfare Benefits Administration (PWBA) of the Department of Labor. The Act established new standards and reporting/disclosure requirements for employer-funded pension and health benefit programs in order to address public concern that funds of private pension plans were being mismanaged and abused.
A Federal law that (among other things) allows self funded health plans to be considered exempt from state regulations and provides for non-discrimination in self funded plans.
Employee Retirement Income Security Act. This law, enacted in 1974, applies to employee benefit plans, including health benefits. The law is designed to protect the interest of employees and requires full disclosure to the employees of their rights under the plan.
Employee Retirement Income Security Act of 1974, legislation designed to protect the rights of the plan participants and beneficiaries.
Employee Retirement Income Security Act. A U.S. federal law that regulates both employee welfare benefit plans, including group life and health insurance plans established by employers, and employer-sponsored retirement plans. ERISA requires that such plans be established and maintained in accordance with a written plan document, follow a variety of disclosure and reporting requirements, and include certain minimum plan requirements. See also welfare benefit plan.
"Employee Retirement Income Security Act†passed in 1974. This federal law regulates employee benefit plans, primarily qualified retirement plans. Nonqualified executive benefit plans, of the type discussed in the text, may be wholly or partially exempt from ERISA.
Employee Retirement Income Security Act. Abbreviated ERISA, it completely overhauled, in 1974, the federal pension law to protect the interests of retirement plan participants and their beneficiaries. ERISA established a new set of rules for participation in retirement plans, adding mandatory schedules for the vesting of benefits, fixed minimum funding standards, set standards of conduct for administering the plan and handling plan assets, required disclosure of plan information, and established a system for insuring the payment of pension benefits (defined benefit plans only). Governmental employers are exempt from ERISA.
or the Employee Retirement Income Security Act legislates how private employers must manage employee benefit plans, such as pension funds, health insurance, and disability benefits. ERISA sets certain restrictions on how the funds in such plans may be invested, and prohibits an employer or other plan administrator from wrongly refusing to provide plan benefits, such as by refusing to pay disability benefits to a plan participant who is truly disabled.
Employee Retirement Income Security Act of 1974. Far-reaching reforms affecting qualified retirement plans.
Employee Retirement Income Security Act. This act prescribes federal standards for funding, participation, vesting, termination, disclosure, fiduciary responsibility, and tax treatment of private pension plans.
Employee Retirement Income Security Act. A federal law passed in 1974 that regulates health & welfare, pension and profit sharing plans employee benefit plans. The act covers eligibility, funding arrangements, fiduciary responsibilities, and other standards, including financing, vesting and administration of pension plans in most private businesses and industries.
This act regulates the investments made by pension and profit-sharing plans. It also regulates the conduct of the fiduciaries associated with pension funds.
Employee Retirement Income Security Act. This law requires that persons engaged in the administration and management of private pensions act with the care, skill, prudence, and diligence that a prudent person familiar with such matters would use. The law also sets up an insurance program under the Pension Benefit Guarantee Corporation (PBGC) which guarantees some pension benefits even if a plan becomes bankrupt.
See: Employment Retirement Income Security Act of 1974.
Employee-Retirement Income Security Act of 1974. HMOs that contract with firms subject to ERISA compliance can be expected to provide certain annual information to these firms in order to meet federal reporting requirements.
Employee Retirement Income Security Act of 1974. The basis of most employee benefit legislation. Even new laws and changes are normally designed as amendments to ERISA. This federal legislation allows for and sets guidelines regarding a group's ability to self-fund their benefits.
Employee Retirement Income Security Act or the Pension Reform Act – a 1974 federally enacted law that requires employers to protect the assets of pension funds set up as employee benefits.
Employee Retirement Income Security Act. A broad-reaching law that establishes the rights of pension plan participants, standards for the investment of pension plan assets and requirements for the disclosure of plan provisions and funding.
The Employee Retirement Income Security Act of 1974. This act deals with specific employee rights under benefit plans.
Employment Retirement Insurance Security Act is the federal act allowing businesses to self-fund their health insurance programs. Such programs can limit their benefits packages and are not covered by the state insurance regulations.
Employee Retirement Income Security Act of 1974. This is the basic law covering qualified plans and incorporates both the pertinent Internal Revenue Code provisions and labor law provisions. ERISA is the basic law designed to protect the rights of beneficiaries of employee benefit plans offered by employers, unions, and the like. ERISA imposes various qualification standards and fiduciary responsibilities on both welfare benefit and retirement plans, and provides enforcement procedures as well. It also provides standards for tax qualification.
ERISA shall mean the United States Employee Retirement Income Security Act of 1974, as amended, including the regulations promulgated thereunder.
The Employment Retirement Income Security Act, a federal law passed by Congress in 1974 which governs areas such as retirement, disability, healthcare, welfare and other employment related benefits.
Employee Retirement Income Security Act of 1974. Imposes obligations on employers having employee benefit plans.
The acronym for the Employee Retirement Income Security Act of 1974, a federal law that established minimum standards for certain employee benefit plans, especially qualified employer retirement plans.
Employment Retirement Income Security Act. A law enacted in 1974 that sets federal reporting and disclosure rules for employer-sponsored health plans. Under ERISA law, companies that self-insure and pay for workers' health benefits directly are exempt from state insurance regulation and taxes.
Stands for the Employee Retirement Income Security Act (1974). Administered by the U.S. Department of Labor, Employee Benefits Security Administration. ERISA regulates employer sponsored pension and insurance plans (self-insured plans) for employees. Exclusions and/or Limitations - Conditions or circumstances spelled out in an insurance policy which limit or exclude coverage benefits. It is important to read all exclusion, limitation, and reduction clauses in your health insurance policy or certificate of coverage to determine which expenses are not covered.
Employee Retirement Income Security Act. A Federal law that prevents states from enacting laws or regulations that have an impact on employer welfare plans, including employer sponsored health benefits. States can regulate health plans. If an employer purchases a regulated health plan, then the members are covered by the state consumer protection laws. However, employers that pay directly for all of health services (self-funded or self-insured plan s) are not subject to the same state laws.
Acronym for the Employee Retirement Income Security Act, a law governing most private pension and benefit plans.
A federal law of 1974 which originally set minimum standards for funding, vesting and termination of employer-sponsored pension plans. ERISA also contains provisions to protect the interests of participants and beneficiaries in welfare plans.
A federal law, the Employment Retirement Income Security Act of 1974 regulates employee retirement and welfare plans.
Employee Retirement Income Security Act. Most pension and retirement plans became subject to government overview and the establishment of several federal limitations and practices under ERISA in 1974.
Employee Retirement Income Security Act. The 1974 federal legislation that created a requirement for a bond to be posted, in the amount of ten percent of the funds, on the fiduciary of pension funds and profit-sharing plans.