ERISA

American  

[uh-ris-uh] / əˈrɪs ə /

noun

1. Employee Retirement Income Security Act.

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Example Sentences

The proposal aims to shield plans from Erisa liability, if they carefully consider a private manager’s performance, fees, liquidity, and valuation practices.

From Barron's

Erisa requires sponsors to choose plans “prudently,” and lawsuits often claim that fund fees or strategy choices aren’t suited for retirees.

From Barron's

“I expect that the proposed rule—once finalized—will reduce class action litigation over time,” said Rick Nowak, a lawyer at Mayer Brown who has defended plan sponsors in Erisa suits.

From Barron's

The department’s rule reaffirms that the governing statute—the Employee Retirement Income Security Act of 1974, or Erisa—is a law of process.

From The Wall Street Journal

Under Erisa, loyal and conflict-free retirement-plan fiduciaries have discretion and flexibility to determine the investments most likely to maximize risk-adjusted return for the retirement savers who participate in their plans.

From The Wall Street Journal