Employee Retirement Income Security Act
/ˌɛm.plɔɪˈiː rɪˈtaɪər.mənt ˈɪnkʌm sɪˈkjʊrɪti ækt/
Definitions
- (n.) A federal law enacted in 1974 that sets minimum standards for most voluntarily established pension and health plans in private industry to protect individuals in these plans.
The Employee Retirement Income Security Act requires employers to provide transparent information about their retirement plans.
Forms
- employee retirement income security act
Related terms
See also
Commentary
Commonly referred to by its acronym ERISA; important to distinguish from related state laws covering retirement and welfare benefits.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.