What is ERISA?
In the words of the United States Department of Labor:
“The Employee Retirement Income Security Act of 1974 (ERISA) is a federal law that sets minimum standards for most voluntarily established pension and health plans in private industry to provide protection for individuals in these plans.”
ERISA does not require a private business to offer a benefit plan to its employees, but it sets minimum standards for businesses that do.
ERISA applies to most employee plans, but not to those provided by religious organizations and government organizations.
ERISA has very technical provisions protecting employees’ rights in the areas of long and short-term disability, life insurance, pension, retirement, and health benefits. Violations of ERISA are common.
As soon as you encounter trouble seeking ERISA-governed benefits, you should seek the advice of an experienced ERISA attorney. Your rights could be impacted if you delay.
ERISA may apply to: