Printer Friendly
Dictionary, Encyclopedia and Thesaurus - The Free Dictionary
3,920,137,530 visitors served.
forum Join the Word of the Day Mailing List For webmasters
?
Dictionary/
thesaurus
Medical
dictionary
Legal
dictionary
Financial
dictionary
Acronyms
 
Idioms
Encyclopedia
Wikipedia
encyclopedia
?

pension plan

   Also found in: Legal, Financial, Encyclopedia, Wikipedia 0.01 sec.
pension plan
n.
An arrangement for paying a pension to an employee, especially one funded fully or in large part by an employer.
ThesaurusLegend:  Synonyms Related Words Antonyms
Noun1.pension plan - a plan for setting aside money to be spent after retirement
plan, program, programme - a series of steps to be carried out or goals to be accomplished; "they drew up a six-step plan"; "they discussed plans for a new bond issue"
401-k, 401-k plan - a retirement savings plan that is funded by employee contributions and (often) matching contributions from the employer; contributions are made from your salary before taxes and the funds grow tax-free until they are withdrawn, at which point they can be converted into an IRA; funds can be transferred if you change employers and you can (to some extent) manage the investments yourself
individual retirement account, IRA - a retirement plan that allows you to contribute a limited yearly sum toward your retirement; taxes on the interest earned in the account are deferred
Keogh plan - a tax-deferred pension plan for employees of unincorporated businesses or for self-employed persons


Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content.
?Page tools
Printer friendly
Cite / link
Feedback
Add definition
Mentioned in?  References in periodicals archive?   Dictionary browser?   Full browser?
 
Not everyone has a pension plan to rely on when they retire Even those individuals who do have some type of pension plan in the works might not be protected should their employer declare bankruptcy Not everyone has a pension plan to rely on when they retire.
A defined benefit pension plan ensures a specified benefit for any retiring employee that is eligible, while the defined contribution pension plan relies upon an employer's specified contributions into their employee's pension plan account.
citing a growing national trend, said yesterday it would freeze the pension plan of some 2,100 employees in the United States, including approximately 1,100 in the greater Milford region.
 
 
 
Dictionary, Thesaurus, and Translations
?

Terms of Use | Privacy policy | Feedback | Advertise with Us | Copyright © 2012 Farlex, Inc.
Disclaimer
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.