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Early Retiree Reinsurance Program (ERRP)

Created by the Affordable Care Act, a temporary program that provides reimbursement to employer sponsors of participating employment-based health plans for a portion of the cost of health coverage for early retirees and their families. This program expires in January of 2014.

Employee Retirement Income Security Act of 1974 (ERISA)

Legislation enacted in 1947 that protects workers from losing benefits that are provided through the workplace. The Act does not require employers to establish a…