ERISA does not require any employer to establish a retirement plan. It only requires that those who establish plans must meet certain minimum standards.ERISA protects Pennsylvania employees from potential mismanagement of retirement accounts, pensions, and even long-term disability benefits. Permanent and Benefit-eligible Employees of the Pennsylvania State System of Higher. Education (the "Employer") are eligible to participate in the Plan. Nominate Your Beneficiaries. We provide clients with experienced advice and representation in issues involving statutory pension plans, disability issues, and benefits issues. ERISA: federal law protects private-sector employees' rights: pension, retirement, health care benefits, short-term and long-term disability. To establish or update your beneficiary, please complete and submit a beneficiary nomination form. Employers often provide employees with disability insurance and retirement benefits, including pensions based upon salary and years of service.