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Employee Retirement Income Security Act (ERISA)

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Employee Retirement Income Security Act (ERISA)
A 1974 act that protects the retirement income of pension fund participants by setting standards for eligibility, performance, investment selection, funding, and vesting. The Act was designed to curb abuses by pension fund managers so as to ensure that retirement funds would actually be available at the time of the workers' retirement.

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United Healthcare has filed a federal lawsuit to block the board's sanctions, claiming the protection of the Employee Retirement Income Security Act (ERISA).
Passed almost 30 years ago, the Employee Retirement Income Security Act (ERISA) allows for the
The New Jersey district court ruled the accountant was not a fiduciary under the Employee Retirement Income Security Act (ERISA) because Roth neither executed discretionary control over the plan assets nor rendered investment advice.
 
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