Question

The Employee Retirement Income Security Act of 1974 (ERISA) covers which of the following? (A) Retirement accounts of public sector employees. (B) Retirement accounts of private sector employees. (C) Retirement accounts of public and private sector employees. (D) Retirement accounts of municipal employees only.

Answer 1

Answer:

B) Retirement accounts of private sector employees.

Explanation:

Employee Retirement Income Security Act -

This act was initiated in the year 1974 , according to this act , the main focus is to protect and help the employees working in the private sector , to unsure there retirement funds .

This act gives minimum standard for the pension plans of people working in the private firm .

Hence , from the given options , the correct option regarding the Employee Retirement Income Security Act is ( B. ) .