What does Retirement Equity Act of 1984 mean? Read on to discover the definition & meaning of the term Retirement Equity Act of 1984 - to help you better understand the language used in insurance policies.
Retirement Equity Act of 1984
Retirement Equity Act of 1984 is a law that was sponsored by Congress representative William Clay Sr. of Missouri and which amended the Employee Retirement Income Security Act of 1974 (ERISA). The Act is especially noted for its gender equity in addition to its pension plan reforms.
More Insurance Terms And Definitions
The Merriam-Webster Dictionary defines insurance as:
b: Coverage by contract whereby one party undertakes to indemnify or guarantee another against loss by a specified contingency or peril.
c: The sum for which something is insured.
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