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Simple English definitions for legal terms

Employee Retirement Income Security Act

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A quick definition of Employee Retirement Income Security Act:

The Employee Retirement Income Security Act (ERISA) is a law that regulates private pension plans and employee benefit plans. It was created in 1974 to prevent fraud and mismanagement in employee pension funds, which had caused many workers to lose their retirement benefits. ERISA also applies to employer-provided health insurance, which is the main way that people in the United States pay for healthcare. The law helps protect workers' retirement benefits and healthcare coverage.

A more thorough explanation:

The Employee Retirement Income Security Act (ERISA) is a federal law that regulates private pension plans and employee benefit plans. It was established in 1974 to protect workers from fraud and mismanagement in their retirement funds.

ERISA applies to both pension plans and employee welfare benefit plans, which include employer-provided health insurance. The law sets standards for plan management, funding, and vesting, and establishes the Pension Benefit Guaranty Corporation to protect workers' retirement benefits.

For example, if a company offers a pension plan to its employees, ERISA requires the plan to be funded adequately and managed in the best interests of the workers. If the company goes bankrupt and cannot pay the pension benefits, the Pension Benefit Guaranty Corporation may step in to provide some level of protection for the workers.

Another example is an employer-provided health insurance plan. ERISA requires the plan to provide certain benefits and protections to employees, such as coverage for pre-existing conditions and the right to appeal denied claims.

Overall, ERISA is an important law that helps protect workers' retirement and health benefits.

employee pro hac vice | employee stock option

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THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
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