ERISA
Government & Politics abbreviation · US Law
| Stands for | Employee Retirement Income Security Act |
|---|---|
| Categories | Government & Politics |
ERISA stands for Employee Retirement Income Security Act, a US law abbreviation also used in medicine.
Law of 1974 setting minimum standards for most private-sector retirement and health plans, including fiduciary duties for those who manage plan money, vesting and disclosure rules, and claims procedures. It is enforced by the Labor Department, the IRS and the PBGC.
Example: Because the plan is governed by ERISA, the denial must be appealed internally before suing.
Usage notes
President Gerald Ford signed it on Labor Day, September 2, 1974, after high-profile pension failures such as the 1963 Studebaker plant closing. ERISA preempts many state laws affecting employer plans, which limits state regulation of self-funded health plans. Government and church plans are generally exempt.
Related abbreviations
More US law abbreviations
- DSHEA – Dietary Supplement Health and Education Act
- ECOA – Equal Credit Opportunity Act
- ECPA – Electronic Communications Privacy Act
- EESA – Emergency Economic Stabilization Act of 2008
- EMTALA – Emergency Medical Treatment and Active Labor Act
- EPA – Equal Pay Act of 1963
- ESA – Endangered Species Act
- ESEA – Elementary and Secondary Education Act
- ESSA – Every Student Succeeds Act
- FATCA – Foreign Account Tax Compliance Act
- FCPA – Foreign Corrupt Practices Act
- FCRA – Fair Credit Reporting Act