Which of the following is true of the Employee Retirement Income Security Act (ERISA)?

Question

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ERISA only applies to benefit plans administered by private employers, not public employers. A is incorrect because ERISA does not require employers to provide pensions, but it sets standards for those who choose to do so. B is incorrect because ERISA generally preempts state laws that relate to employee benefit plans. D is incorrect because ERISA allows for plan changes and modifications within certain guidelines, such as providing notice to participants and following fiduciary responsibilities.

Which of the Following Is True of the Employee Retirement