Asked by Patrick Alves on May 01, 2024
Verified
Which federal law increased the responsibility of pension plan trustees to protect retirees?
A) the Consolidated Omnibus Budget Reconciliation Act (COBRA)
B) the Age Discrimination in Employment Act (ADEA)
C) the Americans with Disabilities Act (ADA)
D) the Fair Labor Standards Act (FLSA)
E) the Employee Retirement Income Security Act (ERISA)
Employee Retirement Income Security Act
The Employee Retirement Income Security Act (ERISA) is a federal law that sets minimum standards for retirement and health benefit plans in private industry to protect individuals in these plans.
Pension Plan Trustees
Individuals or a group of individuals who hold responsibility for managing and overseeing the assets and operation of a pension fund.
Retirees Protection
Measures and policies designed to safeguard the health, income, and overall welfare of retired individuals.
- Identify the legal mandates and effects of national legislation on worker advantages.
- Understand the importance of retirement schemes and their effect on enduring employment affiliations.
Verified Answer
Learning Objectives
- Identify the legal mandates and effects of national legislation on worker advantages.
- Understand the importance of retirement schemes and their effect on enduring employment affiliations.
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