What is an IEP? An IEP is an Individualized Education Program for children who qualify for special education services by their local public school district. It is not an Individual Education Plan. Why isnât it a Plan? As the old saying goes, âplans are made to be broken!â A program on the other hand must be followed!!
ERISA Plan The Employee Retirement Income Security Act (ERISA) of 1974 establishes minimum standards for retirement, health, and other welfare benefit plans, including life insurance, disability insurance, and apprenticeship plans.
ERISA also does not cover plans maintained outside the United States primarily for the benefit of nonresident aliens or unfunded excess benefit plans. Basic Provisions/Requirements. ERISA sets uniform minimum standards to ensure that employee benefit plans are established or maintained in a fair and financially sound manner. In addition, employers have an obligation to provide promised benefits and satisfy ERISA's requirements for managing and administering private retirement and welfare plans.