Summary of the Employee Retirement Income Security Act (ERISA)

Purcell, Patrick ; Staman, Jennifer

Library of Congress. Congressional Research Service.

关键词: Pensions;    Pension funds;    Retirement;   

RP-ID  :  RL34443
RP-ID  :  RL34443_2009May19

美国|英语

来源: UNT Digital Library

【 摘 要 】

Due to the recent economic decline and the desire to enact large-scale health reform, the current federal regulation of pension plans, health plans, and other employee benefit plans has received considerable congressional attention. The Employee Retirement Income Security Act of 1974 (ERISA) provides a comprehensive federal scheme for the regulation of employee pension and welfare benefit plans offered by private-sector employers. ERISA contains various provisions intended to protect the rights of plan participants and beneficiaries in employee benefit plans. This report provides background on the pension laws prior to ERISA, discusses various types of employee benefit plans governed by ERISA, provides an overview of ERISA’s requirements, and includes a glossary of commonly used terms.