(1) See salary-reduction plan. (2) A premium payment method for individual insurance under which an individual's employer deducts the employee's premium amount from his or her paycheck and sends the premium to the insurer.----------[ Back
Arrangement between a fund, employer and employee to deduct a specified amount of money from the employee's salary to purchase shares in a fund.
An arrangement between an employer and a mutual fund, authorized by the employee, through which a specified sum is deducted from an employee's salary to buy shares in the fund.
An investing program by which an employee can invest in mutual funds of choice through deductions from each paycheck.
A payment method in which the employer deducts the PREMIUM from the individual employee''s paychecks and sends it to the insurer.
An arrangement that some employers offer employees to accumulate mutual fund shares. Employees authorize their employer to deduct a specified amount from their salaries at stated times and transfer the proceeds to the fund.