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Term Definition
ERISA
- the Employment Retirement Income Security Act, a federal law governing private sector employee benefits, including vesting and the administration of certain qualifying retirement plans.
Application in Divorce
This act also established the
Pension Benefit Guaranty Corporation (PBGC)
, which guarantees the pensions of workers employed in failed companies.
Resources: 29 U.S.C.A. ยง 1001
et seq.