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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 benefit plan for employees but does include requirements for the plan when one is in place.

Flexible Spending Account Limits

Contributions to flexible health care spending accounts are limited to $2,500 per year, and set to increase according to cost of living increases.