What Does ERISA Mean For You?

Written by News Channel 2 on January 15th, 2014. Posted in Herbert hill fl attorney, How does erisa affest retirement benefits

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Have you ever wondered what does ERISA mean? You see, ERISA is an acronym for the Employee Retirement Income Security Act of 1974. It’s a federal law that establishes the minimum standards for pension plans in private industry. The ERISA act provides for extensive rules on the federal income tax effects of transactions that are associated with employee benefit plants.

The government enacted ERISA laws to protect the interests of employee benefit plan participants. So what does ERISA mean for the