Income Security and COBRA

The primary income security laws are:

Social Security and Welfare. 

Case 33.3: U.S. v. Cleveland Indians Baseball (2001).

Private Pension Plans.

Employee Retirement Income Security Act (ERISA) gives employee a vested right to receive pension benefits at a future date when she stops working.

Unemployment Compensation.

COBRA

COBRA prohibits the discontinuance of insurance benefits of workers who have voluntarily or involuntarily been separated from work, unless the involuntary separation was on the basis of gross misconduct.

Employers must comply if they have more than 20 employees.