retirement program


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ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.retirement program - 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from the employer; contributions are made from your salary before taxes and the funds grow tax-free until they are withdrawn, at which point they can be converted into an IRA; funds can be transferred if you change employers and you can (to some extent) manage the investments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
References in periodicals archive ?
The government should aim for the early retirement program where those who would retire can get lump sums, which they can use for their own business," he said.
Before the increase, retiring CA presiding justice and associate justices used to get P200,000 each as retirement program budget.
The card firm's retirement program includes helping retired employees start a new business after they leave.
To check the robustness of their findings, the researchers analyzed data from before and after the early retirement program and found no differences in mortality and early retirement trends between those two periods.
The company will be offering an early retirement program for which approximately 25 employees qualify.
Under the GSIS retirement program, government retirees get a monthly pension that's equivalent to 80 percent of their average monthly salary (AMS) during the last three preceding years of service prior to retirement, while retirees from the private sector under the SSS retirement program who made 120 monthly contributions get a monthly pension of P300, plus 20 percent of the AMS credit for the 10 preceding years of service prior to retirement, and another 2 percent of the AMS in excess of 10 years, as the basis for computing the monthly pension of SSS retirees.
For employees, the ESOP represents an expansion of their current retirement program, which already includes a matching 401 (k) plan as well as healthcare, dental, and vision plans.
The voluntary retirement program is designed to occur in phases to help maintain an orderly transition among those eligible to retire.
People and organizations sometimes avoid discussion on this sensitive issue, but a good retirement program signifies that indeed, a company cares for its employees.
The GBS study reports that the average employee within the state's Tier 1 retirement program (Tier 1 employees), typically longer-tenure employees, received compensation that was 8.93 percent above Utah's private market median.

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