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The Employee Retirement Income Security Act, often referred to as ERISA, is designed to protect employees' retirement benefits. This federal law sets standards for pension and health plans in private industry, aiming to provide employees with specific rights regarding their retirement income. ERISA ensures that employees receive the benefits promised to them by their employers, overseeing how these plans are managed and requiring transparency from the plan administrators.

The law includes provisions that mandate reporting and disclosure, which means employees must receive regular information about their retirement plans, including funding status and their benefits. Additionally, ERISA provides participants with the right to sue for benefits and fiduciary breaches, helping to ensure that plans are managed responsibly and in the best interest of participants.

In contrast, the other options do not primarily focus on securing retirement benefits. The Fair Debt Collection Practices Act relates to consumer debt management, the Federal Employment Compensation Act addresses compensation for federal employees, and the Federal Employees Health Benefit Program focuses on health insurance rather than retirement benefits. Thus, ERISA distinctly stands out as the legislation tailored specifically toward securing retirement benefits for employees.