What are ERISA fiduciary requirements?

ERISA requires fiduciaries to act with the care, skill, prudence and diligence under the circumstances then prevailing that a prudent person acting in a like capacity and familiar with such matters would use in the conduct of an enterprise of a like character and with like aims.

What benefits are subject to ERISA?

Under ERISA, a welfare plan is any plan, program, or fund that an employer maintains to provide:

medical, surgical, or hospital care.
benefits for sickness, accident, disability, or death.
unemployment benefits.
vacation benefits.
apprenticeship and training programs.
day care centers.
scholarship funds.
prepaid legal services.

What is an ERISA Lien?

An ERISA lien comes into effect if an employee is harmed as a result of another person’s negligence and his medical expenses are paid using a health benefits plan administered by ERISA, the employer might be entitled to recoup the money spent on the healthcare dollar-for-dollar.

Who enforces ERISA law?

How is it enforced? ERISA is administered and enforced by three bodies: the Labor Department’s Employee Benefits Security Administration, the Treasury Department’s Internal Revenue Service, and the Pension Benefit Guaranty Corporation.

What are the different types of disability retirement benefits in Florida?

The Florida Retirement System (FRS) provides two types of disability retirement benefits: “in-line-of-duty” and “regular”.

How long do you have to be on disability to retire?

You must have eight years of creditable service to be eligible for regular disability retirement. However, if you terminated employment prior to July 1, 2001, you must have ten years of creditable service to be eligible for regular disability. 2. How is “Disability” defined by the Florida Retirement System, (FRS)?

How to contact the Florida Division of disability determinations?

800-499-6590. Fax. 850-617-4978. Mailing Address. Division of Disability Determinations. P.O. Box 7118. Tallahassee, FL 32314-5270. The Division of Disability Determinations is responsible for making the determination of medical eligibility for Florida citizens who apply for disability benefits under the federal Social Security Administration

How do I qualify for FRS disability retirement benefits?

To qualify for disability retirement benefits provided by the FRS, a member must be totally and permanently disabled from performing useful and efficient service as an officer or an employee upon termination from FRS-covered employment, as required by Section 121.091 (4), Florida Statutes.