A qualified retirement plan set up by a corporation, labor union, government,...
Program established by an employer, union or other member-based organization to pay benefits to an employee/member upon retirement.
Retirement plan, normally related to an employee's salary, in which the employer contributes periodically to a trust to pay benefits to employees or their beneficiaries after retirement. PEPS (Personal Equity Plans) - These allow investment in a number of shares and carry various tax benefits, including the receipt of dividends without paying income tax on the income and sales free from capital gains tax on the profit.
Under ERISA, a plan, fund, or program to the extent that, by its express terms or as a result of surrounding circumstances, it provides retirement income to employees or results in a deferral of income by employees for periods extending to the termination of covered employment or beyond.
See Defined Benefit Plan, Defined Contribution Plan.
An investment plan which can provide a lump sum on and an income after retirement. A pension plan is sometimes used as a way of providing a lump sum to repay the capital of an interest only mortgage.
A plan providing retirement income to employees or deferring the income of employees to a period extending to the termination of employment or beyond. Such a plan requires benefits or employer contributions which are fixed and determinable. The section 401 money purchase plan is a form of pension plan.
Type of Defined Benefit Plan that guarantees a specific amount to be paid out to the employee during retirement. The amount is calculated based on an employee's salary, years of service and a fixed percentage rate.
A retirement plan, usually funded by the employer, that pays a set yearly amount upon retirement.
A contract between an individual and an employer, labor union , government entity or other institution, which provides for the distribution of pension benefits at retirement. Plan Custodian: An institution retained by a contractual plan company to perform clerical duties. The custodian's responsibilities include safeguarding plan assets, sending out customer confirmations and issuing shares. See also Custodian; Mutual Fund Custodian.
"Qualified" retirement plans, plans that are in compliance with Federal law and, therefore, are granted certain tax advantages. Pension plans may be established by employers (both private and public), labor unions, and other organizations.
An employer benefit plan funded through insurance, a trust, general assets or other separately maintained funds designed to provide employees with a monthly income benefit upon retirement.
An employer-funded retirement plan in which the employer contributes money on the employees behalf.
A defined benefit or defined contribution plan in which employees are granted certain retirement benefits. A retirement program to provide employees (and, often, spouses) with a monthly income payment for the rest of their lives.
n]: What you thought you'd have at retirement but probably won't after the Bossholes have raped and pillaged the company
a plan for setting aside money to be spent after retirement
a contact between a company and its employees whereby the company agrees to pay benefits to the employees after their retirement
a contract between employer and employee
a defined-benefit plan covering substantially all of its employees
a defined BENEFIT plan, which guarantees a fixed monthly benefit, based on years worked or other negotiated agreements
a long-term savings vehicle, which the government supports with tax incentives and after a minimum period must be used to deliver pension benefits as originally intended
an employee benefit plan established or maintained by an employer or by an employee organization (such as a union), or both, that provides retirement income or defers income until termination of covered employment or beyond
an organized investment program designed to provide income during older age or retirement years
a plan that provides income at retirement age based on either a percentage of the person's salary or wages, the years of service, or both
a promise by a pension sponsor to a plan member to provide a pension upon retirement
a qualified retirement plan set up by an organization for its employees
a reporting entity separate from a sponsor and the plan participants that, by any arrangement (contractual or otherwise), establishes a program to provide retirement income to employees
a retirement account that your employer contributes funds as part of your future retirement
a retirement plan that pays a fixed monthly amount each year during retirement, like an annuity
a retirement plan where the employer will pay the employee a set amount during retirement
a tax deferred savings plan
a traditional Defined Benefit Plan
a way of saving for retirement
a written contract under which you and, in some cases, your employees are required to make periodic payments to a pension fund in order to provide your employees with a retirement income
Investment products offered by insurance companies and mutual funds that required the investor to make defined contributions over regular periods, mostly every year. The contributions are invested according to a pre-decided investment plan. At retirement, the accumulation is paid out through regular pay-out options.
A program to provide a retirement income to workers by holding a percentage of their income in reserve.
A negotiated benefit whereby the employer and/or the employee contribute regularly to a federally approved plan that will yield a benefit upon retirement.
A qualified retirement plan established by a corporation or organization to provide income for its employees when they retire.
An investment plan designed to provide a lump sum when you retire, and an income after retirement. A pension plan is sometimes used to provide a lump sum to repay the amount of money owed on an interest-only mortgage.
An employer's program for providing retirement income to eligible employees.
A formal arrangement through which the employer, or more usually the employee, contributes to a fund to provide the employee with a lifetime income after retirement
A plan by an employer to provide funds to assist employees when they retire. A qualified pension plan conforms to the requirements of federal laws and receives tax benefits.
A fund set up by employers, in which the employer and/or employees make regular contributions in order to provide the employee income after retirement. Pension plans in corporations have been on the decline in recent years.
A plan established and maintained by an employer, group of employers, union or any combination, primarily to provide for the payment of definitely determinable benefits to participants after retirement.
An employer-sponsored program to provide employees and their spouses with a monthly retirement income payment. Also referred to as a Defined Benefit Plan.
Retirement plan established by corporation, labor union, government entity or other organization to pay the pension benefits of retired employees.
A plan established and maintained by the employer and/or union to provide for the payment of a pension benefit to participants of the plan after they retire. Usually matching contributions to the plan are made by the employee and the employer.
a type of retirement plan that provides a set amount of benefit, or a set formula to determine the amount of benefit. The contributions needed to provide the specific benefits can be determined actuarially.
A contract between a company and its employees under which the company agrees to pay benefits to the employees after they retire.
A defined benefit plan that provides a definitely determinable annual benefit based on a formula contained in the plan document.
A fund that is established for the payment of retirement benefits.
There are two types of pension plans: defined benefit pension plans and defined contribution pension plans. A defined benefit plan is a qualified retirement plan that provides a specified retirement benefit to participants. A defined contribution pension plan is a qualified retirement plan that usually provides for periodic contributions specified in a written formula and an unspecified retirement benefit equal to the value of the participant's account balance at retirement.
A form of investment in which regular contributions over a period of time are invested, with the earnings reinvested, and are paid out as an allowance or other series of regular payments after retirement. The term "pension plan" usually refers to a company plan offered by an employer to employees, in which both make periodic contributions.
An agreement under which an employer or employee organization establishes a plan to provide covered employees with a lifetime monthly income benefit that begins at their retirement. The covered employees are pension plan participants. The entity that establishes or maintains the pension plan is the pension plan sponsor.
An occupational retirement scheme organized and administered to provide a pension for the lifetime of retired members.
A qualified retirement plan which is established by an employer for the benefit of its employees and their beneficiaries. The plan can provide for either a specific contribution or a specific benefit.
An employee benefit plan that provides retirement income to participants by means of advance funding or deferral of income.
A contract between an employer and employees, to provide employees with a pension. Pension fund: an organization that manages a pension plan on behalf of an employer and/or employees.
A benefit plan that offers retirement benefits from a trust or another fund, via the purchase of insurance or from an unfunded plan.
A qualified benefit plan set up by a corporation, government, labor union, or other organization to pay retirement benefits to its employees.
An arrangement under which an employer - and sometimes the employee - makes payments toward retirement, disability, or death benefits for employees who meet certain criteria. Types of pension plans include defined benefit plans, defined contribution plans, employee stock ownership plans, money purchase plans, profit-sharing plans, stock bonus plans, thrift plans, and target benefit plans.
A retirement plan wherein the employer makes contributions for the employee. Many are being replaced by the 401K. There are restrictions as to when and how you can withdraw these funds without penalties.
A contract between a company and it employees whereby the company agrees to pay benefits to employees after their retirement.
employer-sponsored retirement plan, such as Iowa Public Employees' Retirement System, Peace Officers' Retirement, Accident, and Disability System, or the Judicial Retirement System, in which a retired employee receives a specific amount based on salary history and years of service. The employer bears the investment risk. Employee, employer, or both make contributions.
A formal arrangement through which the employer, and in most cases the employee, contribute to a fund to provide the employee with a lifetime income after retirement.
A retirement plan offered by some employers that pays a set amount each year during retirement.
Company-sponsored program for providing retirees with income.