Select the correct answer. What does the ERISA act address? A. safety regulations and standards in the workplace B. retirement and healthcare benefits for employees C. paid leaves to assist a family member's medical condition D. equal employment standards for people of either gender E. issuance of minimum wages to all employees

Question

Sofia Velasquez

Business

10 October, 08:20

Select the correct answer. What does the ERISA act address? A. safety regulations and standards in the workplace B. retirement and healthcare benefits for employees C. paid leaves to assist a family member's medical condition D. equal employment standards for people of either gender E. issuance of minimum wages to all employees

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Answers (1)

Know the Answer?

Danielle Bird · Answer 1

The ERISA act address "retirement and healthcare benefits for employees".

Answer: Option B

Explanation:

The 1974 Employee Retirement Income Security Act (ERISA) is a federal legislation that lifts basic standards for most voluntarily developed private-sector healthcare and retirement plans to supply security for people in those plans. ERISA involves:

proposals to have plan documentation to members including valuable information on plan characteristics and financing; offers legal duties to those managing and controlling plan liabilities; involves grievance plans and appeals for individuals to benefit from their plans; and grants participants the right to sue for advantages and infringements of fiduciary duties.