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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 Accounts (FSA)

Accounts that allow employees to set aside money, tax free, for use on health costs not covered by their insurance plans. These costs include over…