The act which regulates and insures employee pension plans is Blank______.Multiple choice question.NLRA of 1935ADA of 1990ERISA of 1974CETA of 1973

Break Down the Problem

1. Identify the context of the question: regulations or acts that pertain to employee pension plans.
2. Look at the provided options and determine which one is related to employee pensions.

Relevant Concepts

• NLRA of 1935: National Labor Relations Act, primarily focuses on labor rights, not employee pensions.
• ADA of 1990: Americans with Disabilities Act, focuses on discrimination against individuals with disabilities, unrelated to pensions.
• ERISA of 1974: Employee Retirement Income Security Act, specifically created to set standards for pension and health plans in the private industry.
• CETA of 1973: Comprehensive Employment and Training Act, focuses on job training and employment services, not pensions.

Analysis and Detail

• Based on the descriptions above, ERISA of 1974 stands out as it directly pertains to employee pension plans and sets standards to protect employee benefits.

Verify and Summarize

• The act specifically designed for the regulation and insurance of employee pension plans is ERISA of 1974, confirming that this is the correct answer.

Final Answer

The act which regulates and insures employee pension plans is ERISA of 1974.