Question

The nurse understands the importance of the Employee Retirement Income Security Act (ERISA) of 1974, when stating which of the following?

1) It provided a standard of practice for nursing.
2) It allowed professional nursing organizations to act as unions on behalf of member nurses.
3) It established the framework for political action in legislative activities.
4) It financially supports research in nursing and education.

Answer 1

The Employee Retirement Income Security Act (ERISA) of 1974 provides protection for employees' retirement income, ensuring that employers contribute to pension plans and establishing the Pension Benefit Guarantee Corporation.

Step-by-step explanation:

The Employee Retirement Income Security Act (ERISA) of 1974 is an important piece of legislation that provides protection for employees' retirement income. Its key provisions include ensuring that employers contribute to pension plans and establishing the Pension Benefit Guarantee Corporation to pay pension benefits to workers if a company cannot fulfill its obligations.

ERISA does not specifically relate to nursing practice, professional nursing organizations acting as unions, or funding research in nursing and education. Instead, its focus is on safeguarding employees' retirement savings.