ERISA sets uniform minimum standards to ensure that employee benefit plans are established or maintained in a fair and financially sound manner. ERISA is an acronym for Employee Retirement Insurance Security Act of 1974.("ERISA", 29 USC §§ 1001-1461). This information is intended to provide employers with a basic overview of the workers' compensation system in Arizona. If an employee welfare benefit plan is not clearly and exactly excluded from ERISA, any state law "relating to" the plan is preempted. ERISA is a federal law that sets minimum standards for retirement plans in private industry. Its sweep effects the payment of disability benefits to injured workers, whether in the form of a single payment, or periodic payments. We are excited to announce that our Claims Manual, will now be predominantly accessible online. Executive Officers, Filed with the insurer. ERISA is an acronym for Employee Retirement Insurance Security Act of 1974.