What Exactly Is ERISA?
: ERISA is an acronym for the Employee Retirement Income Security Act of 1974. The body of ERISA law includes the federal statute 29 USC. 1001, et seq.; the federal regulations; and the “common law” (decisional law of the federal courts). ERISA was originally intended to address issues related to pension fund administration; however, today — primarily as the result of federal judicial decisions over the past two decades — ERISA controls or impacts practically all employee benefits in the private sector, including employer-sponsored health and disability insurance plans.
