by Big Sweaty Woman March 24, 2021
Get the Eisha mug.(U.S. GOVERNMENT) Employee Retirement Income Security Act (1974); federal law that sets minimum standards for most voluntarily established pension and health plans in private industry to provide protection for individuals in these plans.
Very important law was supposed to ensure that employer pension plans were (a) managed by qualified, ethical people, and (b) those people did not take excessive risks with the funds paid into the pensions.
ERISA was subsequently weakened by a Department of Labor ruling in 1978 that allowed pension fund managers to invest in riskier types of portfolios. At the same time this occurred, financial managers were stuck with negative real interest rates, and high inflation. So there was an urgent need for financial vehicles with high yield.
As a result, pension fund money flowed into the new hedge funds and junk bonds.
Another major change to ERISA was the Consolidated Omnibus Budget Reconciliation Act (COBRA-1986) allows workers recently unemployed from a job to keep their group health insurance coverage for a limited period of time.
ERISA regulations for vesting pension benefits were watered down during the '90's, resulting in massive risk taking and erosion of income security for middle class Usonians.
Very important law was supposed to ensure that employer pension plans were (a) managed by qualified, ethical people, and (b) those people did not take excessive risks with the funds paid into the pensions.
ERISA was subsequently weakened by a Department of Labor ruling in 1978 that allowed pension fund managers to invest in riskier types of portfolios. At the same time this occurred, financial managers were stuck with negative real interest rates, and high inflation. So there was an urgent need for financial vehicles with high yield.
As a result, pension fund money flowed into the new hedge funds and junk bonds.
Another major change to ERISA was the Consolidated Omnibus Budget Reconciliation Act (COBRA-1986) allows workers recently unemployed from a job to keep their group health insurance coverage for a limited period of time.
ERISA regulations for vesting pension benefits were watered down during the '90's, resulting in massive risk taking and erosion of income security for middle class Usonians.
Because the 1978 changes in federal policy were correlated with the flows of venture capital while the 1986 change was not, it seems reasonable to infer than the ERISA ruling was probably more important than the reduction in the capital gains tax in stimulating the flow of venture capital in 1978.
{William D. Bygrave, Jeffry A. Timmons, *Venture capital at the crossroads* Harvard (1992), p.272}
In most years since 1986, Congress has passed revisions to ERISA; during this time, voluntary pension funds have become a tool of economic policy management.
{William D. Bygrave, Jeffry A. Timmons, *Venture capital at the crossroads* Harvard (1992), p.272}
In most years since 1986, Congress has passed revisions to ERISA; during this time, voluntary pension funds have become a tool of economic policy management.
by Septimus Severance September 6, 2010
Get the ERISA mug.A big hoe that is trash at fortnite and dances. She’s got a big booty thooooo. She thicc. She’s also a dinosaur. RAWR
“Elisha is a hoe”
by Taliii July 17, 2018
Get the Elisha mug.a beautiful, caring ginger... who often is mistaken for an old woman. not because of her looks, but because of her amazing ability to mingle with old women. she can DO EVERYTHING. she loves an egg. and is too kind to be mean so elisha often ends with heartbreak. write her a letter. SHE IS FOR LETTERS NOT FACEBOOK. elisha also means love, in egg. :)
by eggmon October 12, 2009
Get the elisha mug.A shoe stealing dinosaur of the hoarding variety. Takes great satisfaction in shopping and seldom declines the offer to relax in her nest (Boris). Claims the hoarded possessions around said nest to be organised whilst simultaneously hunting for matching pairs of shoes. Doesn't like been licked, heavily glumpthed on or forced to do mathematics. Likes fish things and water, resistant to jogging or trees.
by Corner-baggles April 29, 2010
Get the Elishasaurus mug.An amazing person who is very opinionated and very honest, even if the truth is hard to swallow she tell it like it is. Eyisha is a sexy shortie, but don't make fun of her height unless you want a beating. She can be short-tempered at times but if she says something overly exaggerated to you she will be sure to apologize later on. When you find an Eyisha never let her go, if you push her away she will not come back to you, so hold on tight. She has a fairly dark sense of humor but you'll learn to love it.
Love you Isha <3
Love you Isha <3
by janesbeans May 21, 2018
Get the Eyisha mug.The most beautiful person you will ever meet. Erosha is a persian name for girls meaning light or brightness. Erosha’s will brighten your day and make you extremely happy. She may be shy at first, but then she turns out to be the craziest person ever. She is also extremely powerful and a very good leader, she is very smart and has lots of potential.She is also known for being very nerdy. Erosha’s are very romantic and will do anything for the one they love. They will be very dangerous if heartbroken. Erosha’s also love cuddles.
by Kate Jaqueline October 3, 2018
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