Term: Employee Retirement Income Security Act of 1974 (ERISA)
Definition:A Federal statute that establishes the following: (1) Rights of beneficiaries to pension benefits. (2) Standards that must be followed when investing pension plan assets. (3) Requirements that must be met before the disclosure of pension provisions and or funding. The Pension Benefit Guaranty is also established by ERISA.
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ERI Economic Research Institute is recognized by SHRM to offer Professional Development Credits (PDCs) for the SHRM-CP® or SHRM-SCP®