The Employee Retirement Income Security Act (ERISA) is federal legislation that allows government officials to maintain oversight over different employee-administered welfare plans and benefits. ERISA only covers two types of retirement plans: defined contribution and benefit ones.
Not surprisingly, many people who live in and around Washington, D.C., work for one of the many federal government agencies and offices headquartered in the area. Moreover, there are many more people who live in the area who work for the Maryland or Virginia governments or the governments of one of the many municipalities surrounding Washington.
With all the news lately, one may have missed the recent ERISA Supreme Court decision. Specifically, it found a recent effort by Alabama to reduce ERISA prescription drug prices was legal and enforceable.
The Employee Retirement Income Security Act of 1974 (ERISA) is a federal law that provides important protections for workers. ERISA regulates the retirement plans of private employers, as well as disability insurance plans offered by employers to employees as part of an employee benefits package.
Employers in the Washington, D.C., area operate in one of the nation’s most competitive job markets. Attracting qualified candidates will usually require offering a comprehensive benefits package as well as an attractive salary. Many of the benefits offered by employers must comply with standards outlined in the Employee Retirement Income Security Act, but companies also consider industry standards and their ...
The Employee Retirement Income Security Act, known as ERISA, resulted from poor management and unfair vesting rules from private employers. The federal government passed the law in 1974 to impose regulations on vesting rules and funding of company pensions.
Readers of our blog are likely familiar with ERISA, the Employee Retirement Income Security Act of 1974. ERISA sets the minimum standards for most public-sector employer-provided health and retirement plans, and this blog covers the topic extensively. Naturally then, when the Department of Labor proposes a new rule, our readers can expect a discussion on this Washington, D.C. blog.
If you have a job with health insurance, then you may not want to do anything to jeopardize your access to those benefits. What happens if you leave your job though? You may assume that you’ll become uninsured if you do. That’s not necessarily the case though. You may qualify for Consolidated Omnibus Budget Reconciliation Act (COBRA) coverage.
The Employment Retirement Income Security Act (ERISA) was signed into law by President Gerald Ford on Sept. 2, 1974. Although it’s undergone many updates since then, it has much the same aim as it originally did. ERISA was enacted to make sure that those who manage health insurance, retirement accounts, and other welfare programs are held to high standards and ...
The pension plans and benefits packages of private-sector employees in the District of Columbia and around the country are protected by the Employee Retirement Income Security Act. ERISA claims are often filed over alleged breaches of fiduciary duties connected to complex stock transactions, but they may also arise when plan documents contain language that could be subject to more than ...
