• Is the Employee Retirement Income Security Act. It was enacted into law in 1974.

• The Employee Retirement Income Security Act of 1974, as amended. This federal law provides for regulation of private pension and employee benefit plans by the Department of Labor and Pension Benefit Guaranty Corporation. The IRS also regulates such plans under provisions of the Internal Revenue Code.

 Embedded terms in definition
Pension benefit guaranty corporation
 Referenced Terms
 Contingent pension liability: Under Erisa, the firm is liable to the plan participants for up to 39% of the net worth of the firm.

 Pension benefit guaranty corporation: Abbreviated PBGC. A federal agency that insures the vested benefits of pension plan participants (established in 1974 by the Erisa legislation).The U.S. government agency that insures benefits in defined benefit pension plans.

<< Equivalent taxable yield Erm >>

Tips for Trying to Fix a Clogged or "Frozen" Home Equity Line: For years, homeowners have turned to home equity lines of credit (HELOCs) as a way to borrow against their home's value to pay for college tuition, home improvements, medical bills and other major expenses. (A home's equity is the market value minus what is owed on the mortgage. If you owe $100,000 on your mortgage but your home is worth $250,000, your equity is $150,000.) More...

I have never met a man so ignorant that I couldn't learn something from him. - Galileo Galilei


Copyright 2009-2018 GVC. All rights reserved.