Asked by Molly Walsh on Jun 16, 2024
Verified
Which of the following statements about the Employee Retirement Income Security Act (ERISA) is accurate?
A) ERISA does not impose fiduciary duties on pension fund managers.
B) ERISA does not allow pension plan participants to sue employers.
C) ERISA does not require employers to establish or fund pension plans.
D) ERISA does not guarantee employee participation in pension funds.
ERISA
The Employee Retirement Income Security Act, a federal law that sets minimum standards for pension plans in private industry to protect individuals in these plans.
Pension Fund Managers
Professionals responsible for overseeing the investment and allocation of funds collected in a pension scheme to ensure that there are enough resources to pay pension benefits in the future.
- Identify national labor legislation, encompassing rules on compensation, working hours, and discrimination, along with their mechanisms of enforcement.
Verified Answer
Learning Objectives
- Identify national labor legislation, encompassing rules on compensation, working hours, and discrimination, along with their mechanisms of enforcement.
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