Practice Quiz

SPHR Human Resources

Category - Rewards

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Which of the following was established by ERISA?
  1. Enhanced protection for plan members with preexisting medical conditions.
  2. A clearer definitions of “hours worked” for purposed of minimum wage and overtime payments.
  3. Whistleblower protection for employees who report fraud against shareholders.
  4. Minimum participation and vesting standards for retirement programs.
Explanation
Answer - D - ERISA did establish minimum participant and vesting standards for retirement programs.

Key Takeaway: Enhanced protection for plan members with preexisting medical conditions was established by COBRA. A clearer definition of “hours worked’ for purposes and minimum wage and overtime payments was established by the Portal-Portal Act. Whistleblower protection for employees who report fraud against shareholders was established by Sarbanes-Oxley.
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