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Paralegal Exam Prep

Category - Legal Envrmt

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Which federal statute establishes standards for the funding and operation of pension plans?

Taft-Hartley Act
Employee Retirement Income Security Act
Family and Medical Leave Act
Occupational Health and Safety Act
Norris-LaGuardia Act

Explanation

Answer: B. The Employee Retirement Income Safety Act establishes standards for the funding and operation of pension plans. Enacted in 1974, ERISA covers pension plans and health benefits. It does not require that employers provide either type of plan. However, where employers do provide such plans, ERISA establishes rules that employers must follow.
Category: Legal Environment

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