Archive for January 8, 2014
The Employee Retirement Income Security Act of 1974, also known as the ERISA act, establishes minimum standards for privatized pension plans and also provides a set of guidelines for ensuring privatized pension plans are properly filed with the IRS and are lawful. ERISA laws also deal with elderly disabled persons, who are sometimes awarded benefits for injuries sustained on the job. But what is ERISA law?
At its very core, ERISA requires plans to provide participants with important information about funding and regulations. Under ERISA, a plan participant must also be given at least 180 days to complete an application for benefits. Interesting