Question

What did the Employee Retirement Income Security Act (ERISA) of 1974 do?
a. It set uniform minimum standards to assure that employee benefit plans are established and maintained in a fair and financially sound manner.
b. It mandated that companies create a financially sound employee pension plan for full- and part-time employees.
c. It developed standards for the minimum wages a company could pay its employees in order to fulfill Social Security retirement obligations.
d. It detailed what benefits a company must offer its employees.
e. It implemented a plan for job-sharing and flextime arrangements with employees who are paid on an hourly basis.

Answer

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