The Employee Retirement Income Security Act of 1974 (ERISA) covers which of the following? (A) Retirement accounts of public sec
tor employees. (B) Retirement accounts of private sector employees. (C) Retirement accounts of public and private sector employees. (D) Retirement accounts of municipal employees only.
B) Retirement accounts of private sector employees.
Explanation:
Employee Retirement Income Security Act -
This act was initiated in the year 1974 , according to this act , the main focus is to protect and help the employees working in the private sector , to unsure there retirement funds .
This act gives minimum standard for the pension plans of people working in the private firm .
Hence , from the given options , the correct option regarding the Employee Retirement Income Security Act is ( B. ) .
The genius of the U.S. Constitution is no accident. America’s Founding Fathers had learned the hard way that any government—given too much power—would eventually oppress the people. Their experiences in England left them in fear of the concentrated political powers of a monarchy. They believed that harnessing the government was the key to lasting liberty. Indeed, the Constitution’s famed system of balanced separation of powers enforced through checks and balances was intended to preventing tyranny.
