Which 1974 Act requires that pension administrators safeguard and prudently invest contributions made toward retirement?
A) Age Discrimination in Employment Act
B) Uniformed Services Employment and Reemployment Rights Act
C) The Employee Retirement Income Security Act
D) The Pension Protection Act

Question

Quizplus · Accepted Answer

The Employee Retirement Income Security Act (ERISA) was enacted in 1974 and requires that pension administrators safeguard and prudently invest contributions made toward retirement. It sets minimum standards for retirement, health and welfare benefit plans in the private sector to protect individuals in these plans.

Which 1974 Act Requires That Pension Administrators Safeguard and Prudently