Is an employer required to offer retirement plan coverage to its employees?
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No. An employer is not required to offer retirement plan coverage. The employer generally decides whether to offer a retirement plan to its employees and, if it does, has the ability to set many plan terms, including the level of benefits. In the case of employees covered by a collective bargaining agreement, retirement benefits are subject to the bargaining process. Thus, the retirement plans and benefits available to employees vary from employer to employer. |
