Related Legislation: Benefits—Laws That Regulate, Govern, and Guide Optional Benefits Programs
Many laws have an impact on the benefits that employers offer to their employees. Let's take a look at some of the most significant ones.
Employee Retirement Income Security Act (ERISA)—1974
The Employee Retirement Income Security Act is perhaps better known by its acronym, ERISA. ERISA's overall purpose is to protect the interests of those who participate—and the beneficiaries of those who participate—in employee benefit plans. ERISA applies only to programs established by private industry employers.
ERISA established minimum participation and vesting standards for retirement programs (ERISA covers defined benefit plans and defined contribution plan ...
Get PHR Exam Prep™ now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
