The Employee Retirement Income Security Act (ERISA)
The Employee Retirement Income Security Act (ERISA) was passed in 1974 under former President Gerald Ford. It was enacted to address the serious issue of retired employees who were not receiving adequate pension payments. The most common source of this problem was underfunded and mismanaged pension plans.
ERISA does not require businesses to offer pension plans or health benefits, but it does regulate these services where they are offered. The dedicated Indianapolis ERISA attorneys working at the Hankey Law Office are prepared to represent people who have suffered under an ERISA violation. The two most common complaints filed under this law are:
What ERISA Promises
ERISA is designed to protect certain rights for all pensioned employees. These rights include, but are not limited to:
- A properly funded pension plan. Employees have the right to receive their full pensions after they have worked the amount of time they agreed to with their employers. Violation of this agreement is against the law.
- Freedom from discrimination on the basis of health, disability, or genetic material.
- The right to view calculations of his or her accrued and owed pension payments.
If you or a loved one has been the victim of a mismanaged or underfunded pension plan, you do not have to accept this treatment. You do have legal options, and you may be able to regain the payments that you are rightfully owed.
To speak to an experienced Indianapolis pension plan attorney, contact the offices of Charles D. Hankey at (317) 634-8565.