Retirement and Welfare Benefit Programs

Does ERISA require ers to provide benefits?

If you divorce does you spouse have rights to your pension benefits?

EE takes the risk of investment

employer promises to pay a “defined benefit” to the employee for life, after retirement at a certain age, according to a formula based on years of service and average monthly salary.

the employer promises to make a “defined contribution” to an individual account for each employee with every paycheck

contracts that allow EE's to combine DB and DC plans if they want

EE and ER share the risk of investment

Any person who is a ____, shall be personally liable to make good to such plan any losses to the plan resulting from each such breach

Under ERISA fiduciary duty if (1) named fiduciary in plan documents or (2) assume fiduciary responsibilities  professionals advising them are not fiduciaries but

An involuntary termination occurs when the PBGC takes over the plan due to

Risk on ER