Question

16.Which of the following is a feature of the federal Employee Retirement Income Security Act (ERISA)?

A.Employer contributions typically vest after one year.

B.It requires employers to publish an annual report that has been certified by in-house counsel.

C.It regulates pension funds to help reduce fraud and mismanagement and ensure long-term financial security.

D.It abolishes the previous requirement that the federal government monitor all pension funds in excess of $100,000.

17. In seeking an H-1B visa, an employer must prove to the U.S. Department of Homeland Security that the hiring will not harm wages and working conditions of employees in similar jobs.

True/False

Answer 1

Ans 16:  C.It regulates pension funds to help reduce fraud and mismanagement and ensure long-term financial security.

Explanation: The Employee Retirement Income Security Act of 1974 (ERISA) is a federal law that sets minimum standards for most voluntarily established pension and health plans in private industry to provide protection for individuals in these plans.

Ans 17: True

Explanation:  In seeking an H-1B visa, an employer must prove to the U.S. Department of Homeland Security that the hiring will not harm the wages and working conditions of employees in similar jobs.