Employee Retirement Income Security Act of 1974 (ERISA)
Legislation mandating standards for vesting requirements and funding of pension plans. American Banker Glossary
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The law that regulates the operation of private pensions and benefit plans. Bloomberg Financial Dictionary
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Employee Retirement Income Security Act; a US law that says how private pension plans should be operated
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ERISA UK US /eˈrɪsə/ noun [S] LAW, HR
► ABBREVIATION for Employee Retirement Income Security Act: a US law that sets standards for the pension and healthcare plans of private companies: »
Under ERISA, private pension plans may only make investments in such a way as to minimize the risk of large losses.
Financial and business terms. 2012.