Asked by Ayanna Akbar on May 29, 2024
Verified
ERISA is the acronym for
A) Employee Recovery In Security Acts
B) Employee Retirement Income Security Act
C) Employment and Retirement In State Act
D) Employee Reserved Income Security Act
E) Employee Reward and Investment Sales Act
ERISA
The Employee Retirement Income Security Act (ERISA) is a federal law that sets minimum standards for most voluntarily established retirement and health plans in private industry to provide protection for individuals in these plans.
Employee Retirement Income Security Act
A federal law that sets minimum standards for most voluntarily established retirement and health plans in private industry to provide protection for individuals in these plans.
Acronym
A word formed from the initial letters of other words.
- Identify legislative protections and regulations pertaining to employee benefits, including ERISA and COBRA.
Verified Answer
SM
Swiftie maherMay 29, 2024
Final Answer :
B
Explanation :
ERISA stands for Employee Retirement Income Security Act, which is a federal law that sets minimum standards for most voluntarily established retirement and health plans in private industry to provide protection for individuals in these plans.
Learning Objectives
- Identify legislative protections and regulations pertaining to employee benefits, including ERISA and COBRA.