Washington, D.c. V. Greater Washington Board Of Trade

Definition of "Washington, d.c. v. greater washington board of trade"

Legal decision in which the Supreme Court of the United States ruled that states cannot require employers to provide disabled employees the same health insurance with which they provide active employees. Regulation by states of employee benefit insurance plans is precluded when it relates in any way to employee benefit plans governed by the federal statute on pensions and benefits (EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974 ERISA). The issue in this case was the relationship between WORKERS COMPENSATION INSURANCE (as required by the states for job-related illness or injuries incurred by the employee) and federally regulated health insurance provided by the company for actively at work employees. The Greater Washington Board of Trade challenged the Washington, D.C. law that required employers who provide health insurance for actively at-work employees to continue to offer equivalent health insurance coverage to disabled employees who are eligible for workers compensation insurance.

image of a real estate dictionary page

Have a question or comment?

We're here to help.

*** Your email address will remain confidential.
 

 

Popular Insurance Terms

Entitlement of an employee to benefits immediately upon entering a retirement plan. As benefits are earned, they are credited to the employee's account. These "portable" future benefits can ...

Amount of uncertainty in a given situation. Probability that actual experience will be different from what is expected. ...

Period of time of insurance coverage. If a loss occurs during this time, insurance benefits are paid. If a loss occurs after this time period has expired, no insurance benefits are paid. ...

Qualified retirement plan under the internal revenue code Section 457 for employees of the states and political subdivisions within the states. ...

Risk management technique that evaluates property exposures preparatory to managing the risk. Although risk managers consider the original cost, depreciation, market value, and ...

Procedure in employee benefit plans to calculate life insurance and retirement benefits to which an employee is entitled. ...

Life insurance on the life of a child that provides a death benefit to a beneficiary should the child die during a stipulated time period and the maturity value of the policy at the end of ...

Aggregate sums, in certain states, to pay claims of insolvent insurance companies. These funds are maintained by contributions of companies operating in a particular state in proportion to ...

Same as term Funded Pension Plan: plan in which funds are currently allocated to purchase retirement benefits. An employee is thus assured of receiving retirement payments, even if the ...

Popular Insurance Questions