The ERISA act address "retirement and healthcare benefits for employees".
Answer: Option B
Explanation:
The 1974 Employee Retirement Income Security Act (ERISA) is a federal legislation that lifts basic standards for most voluntarily developed private-sector healthcare and retirement plans to supply security for people in those plans. ERISA involves:
- proposals to have plan documentation to members including valuable information on plan characteristics and financing;
- offers legal duties to those managing and controlling plan liabilities;
- involves grievance plans and appeals for individuals to benefit from their plans; and
- grants participants the right to sue for advantages and infringements of fiduciary duties.
