ERISA (the Employee Retirement Income Security Act) is the law that guarantees that employees receive pensions and other benefits promised by their employers. Erisa regulations also incorporate and are tied to provisions of the Internal Revenue Code that encourage employers to provide retirement benefits.
Many provisions of ERISA law are intended to ensure that tax-favored pension plans do not favor the highest-paid employees. ERISA therefore has a complex series of rules that cover pension, profit-sharing stock bonus, and most “welfare benefit plans,” such as health and life insurance. Almost all state laws that affect employee benefit plans are thus superceded by this single federal standard for employee benefits.
Compliance with ERISA regulations is extremely complex, and to make matters worse, Congress amends these pension laws nearly every year. You need a trusted and current information source in order to keep up on all of the most recent Erisa law changes.
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As the laws in different states on compensation get more complex, keeping current can spell the difference between success and disaster. The Compensation.BLR.com editorial staff monitors a host of private and government sources to keep you up-to-date on all the important ERISA developments.
The HR Library has more helpful ERISA Law resources like these:
ERISA regulations
Facts about Erisa law
ERISA Compliance Checklist