Pensions Flashcards
1
Q
Employee Retirement Income Security Act of 1974 (ERISA)
A
does not require an employer to establish a pension plan
2
Q
If an employer does create a plan what standards must it meet?
A
employer can not delay employee participation in pension plan
3
Q
If a plan is established
A
employee contribution to the plan vest immediately
4
Q
Standards on investment of funds
A
are set up to avoid mismanagement
