What Does Employee Retirement Income Security Act Mean?

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What does Employee Retirement Income Security Act mean? Read on to discover the definition & meaning of the term Employee Retirement Income Security Act - to help you better understand the language used in insurance policies.

Employee Retirement Income Security Act

Employee Retirement Income Security Act

(ERISA) is legislation applying to most private pension and welfare plans that requires certain standards (for funding, participation, vesting, termination, disclosure, fiduciary responsibility, and tax treatment) to protect participating employees.

We hope the you have a better understanding of the meaning of Employee Retirement Income Security Act.

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