ERISA Paper Many individuals have or had money invested within the companies they work for. A few persons may have had certain benefits and the company was not paying their part of the benefits properly. A number of companies went bankrupt or just went out of business and the monies invested by these individuals would be lost. There had to be a law made to protect individuals and the benefits. The Employment Retirement Income Security Act is a federal law that was established in 1974. The Act
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Retirement is every working persons dream. We all work hard during our working lives and have aspirations for retirement. When our pension’s plans are not properly funded we lose. The Employee Retirement Income Security Act (ERISA) of 1974 was signed into law by President Gerald Ford on September 2‚ 1974. The events leading up to ERISA involved the closing of the Studebaker Automobile Company out of South Bend‚ Indiana. The Studebaker Company had one of the finest pension plans for all 7‚000 employees
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Mental Health Parity Act of 1996 The Mental Health Parity Act of 1996 is legislation in the United States that required the annual caps and lifetime maximum benefits for mental health insurance to be equal to those for other forms of health insurance. The main goal of this act was to create equal coverage between medical and surgical services and mental healthcare services. The principle beneficiaries of the Mental Health Parity Act would be persons with the most severe‚ persistent and disabling
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the offices run smoothly and free from errors. There are several employment laws a few of them are the American with Disabilities Act (ADA)‚ the Employee Retirement Income Security Act (ERISA) and the Health Insurance Portability and Accountability Act (HIPAA). The American with Disabilities (ADA) is when an employer is to provide reasonable accommodation to an employee with a known mental or physical limitation‚ or a qualified individual with a disability. (Flight‚ 2004) There are many regulations
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determine that the non-compete agreement a) violates federal law b) is unenforceable c) is enforceable d) both A and B 2) A liability that may extend from an employee to the employer if the employee is acting within the scope of his or her employment at the time the liability arose is called: a) vicarious liability b) employee liability c) employer liability d) adverse liability 3) A person who contracts with a principal to perform a task according to her or his own methods‚ and
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benefits that the government bestows its employees. Next‚ it elucidates how the employees rely on this website in verify the security of their benefits. Finally‚ as a summation of the whole paper‚ it outlines the key things of the website (United States Department of Labor‚ 2009). Describe the major features of this Website and how each feature can be used to monitor employee benefits The objectives of the Department of Labor (DOL) are multifaceted. First‚ the aim of the DOL is to reinforce‚ support
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site is truly a One Stop Center because it has information for everyone the employee‚ the job seeker and the company (Career One Stop ). Keywords: Tool‚ job seekers‚ businesses pathway Describe the major features of this website and how each can be used to monitor employee benefits. Three of the major features of the Dept. of Labor website are Cobra Continuation‚ Compliance Assistance and Employee Retirement Security Act (ERSA). Cobra Continuation is a form of health care offered by the U.S
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Disabilities Act (ADA): a. prohibits the hiring of disabled persons. b. prohibits discrimination against qualified people who are disabled. The law requiring a minimum wage be set by the Secretary of Labor a. is the Davis-Bacon Act of 1931. The law requiring a minimum wage be set by the Secretary of Labor is the Davis-Bacon Act of 1931. Pg 1-8. -Verify: a. is administered by the Department of Homeland Security (DHS). b. is required of all employers. c. automatically compares Forms W-2 and W-4.
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PART THREE — The Importance of Ethics Major Purposes of Part Three Part Three focuses on three important subjects—leadership character‚ the role of values‚ and ethics at work. Part Three Objectives After completing Part Three‚ your students should be able to better understand: • How the character of the leader influences the behavior of followers; • The importance of ethics; • The
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the targeted group of employees 3) What is the second step in the training process? A) assess the program’s successes or failures B) present the program to a small test audience C) design the instructional content D) conduct a needs analysis 4) James is currently identifying the specific job performance skills needed‚ analyzing the skills of prospective trainees‚ and developing knowledge and performance objectives based on the deficiencies he finds. James is working on the ________ step in
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