Employee Retirement Income Security Act (ERISA)

Definition from Nolo’s Plain-English Law Dictionary

A federal law that sets minimum standards for pension plans and health benefit plans, to protect the employees covered by these plans. ERISA requires plans to provide certain information to plan participants, imposes responsibilities on those who manage and control the plans, and requires plans to establish procedures for participants to get benefits from their plans, including an appeals process.

Definition provided by Nolo’s Plain-English Law Dictionary.