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Real Estate Glossary

ERISA (Employee Retirement Income Security Act)

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Written by Luis Escobar

Passed in 1974, ERISA is a federal law administered by the Department of Labor. It controls the investment activities of corporate and union pension plans. The purpose of this is to protect retirement assets by implementing rules and regulations that qualified plans must follow.

Passed in 1974, ERISA is a federal law administered by the Department of Labor. It controls the investment activities of corporate and union pension plans. The purpose of this is to protect retirement assets by implementing rules and regulations that qualified plans must follow.

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Luis Escobar

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