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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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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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