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ERISA

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... decide to terminate s(he) is liable for the premiums paid by employer. ... require employees to use their paid vacation, personal leave, or sick leave as ... – PowerPoint PPT presentation

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Title: ERISA


1
CHAPTER 15
ERISA Family Medical Leave Act
2
ERISA
1) Fiduciary Standards 2) Reporting and
Disclosure 3) Participation 4) Vesting 5)
Funding 6) Plan Termination Insurance VESTING
vs. PORTABILITY
3
FAMILY MEDICAL LEAVE ACT
(Washington State law provides less to the
employee than the FMLA, however employees can use
whichever law seems to have greater rights).
4
FAMILY MEDICAL LEAVE ACT
Employers (engaged in commerce or state and local
government) with 50 or more employees at a
worksite (included within 75 mile radius) must
provide up to 12 weeks of unpaid leave for the
following reasons
  • birth of employees child
  • placement of child with employee for adoption
    or foster care
  • serious health condition of the employees
    child, spouse or parent
  • serious health condition of the employee

5
FAMILY MEDICAL LEAVE ACT
Serious health condition illness, injury, or
physical or mental condition that requires
inpatient care in medical facility or continuing
treatment by doctor.
  • To qualify employee must have worked at least
    12 months and for at least 1250 hours during
    previous 12 months.
  • During leave employer must maintain health
    coverage just as though employee were not on
    leave. Should the employee decide to terminate
    s(he) is liable for the premiums paid by
    employer.
  • Generally employee is returned to same or
    equivalent jobs.
  • Employer may require employees to use their paid
    vacation, personal leave, or sick leave as part
    of the 12 week period.
  • Many more specific cases in law.
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