ERISA
Proper noun
Meaning
ERISA
(US, law) Acronym of Employee Retirement Income Security Act. (of 1974)
Anagrams
Examples
Both "defined benefit" and "defined contribution" private pension plans are governed by the Employee Retirement Income Security Act (ERISA), which requires employers to provide minimum levels of funding to support "defined benefits" pensions.
Congress has since passed more extensive protections for workers and employee benefit plans as part of the Employee Retirement Income Security Act ("ERISA").
ERISA does not preempt or insulate HMOs from breach of contract or state law claims asserted by an independent, third-party provider of medical services143.
The Employee Retirement Income Security Act (ERISA) can be held to preempt negligence claims as well.
Ironworkers Field Pension Trust v. Loomis Sayles & Co., 259 F.3d 1036 (9th Cir. 2001) – Successful defense of ERISA fiduciary breach claims against investment manager based on investment of plan assets in complex mortgage derivatives.
Employee Benefits (ERISA) Law Proskauer Rose is particularly well suited to advise boards of directors concerning compensation, employee and director benefits and other ERISA matters.