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Employee Retirement Income Security Act (ERISA) |
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Employee Retirement Income Security Act (ERISA)The law that regulates the operation of private pensions and benefit plans.Employee Retirement Income Security Act (ERISA) Similar MatchesIndividual Retirement Account (IRA)Individual Retirement Account (IRA)A retirement account that may be established by an employed person. IRA contributions are tax deductible according to certain guidelines, and the gains in the account are tax-deferred. Registered Retirement Savings Plan (RRSP)Registered Retirement Savings Plan (RRSP)Tax-sheltered retirement plan for Canadian citizens, much like an American IRA. Bonds Enabling Annual Retirement Savings (BEARS)Bonds Enabling Annual Retirement Savings (BEARS)Holders of BEARS receive the face value of bonds underlying call option, which are exercised by CUBS (an acronym for Calls Underwritten by Swanbrook). If the calls are exercised by CUBS, BEARS holders receive the total of the exercise price. Normal retirementNormal retirementThe age or number of working years after which a pension plan beneficiary can retire and receive unreduced benefits immediately. IRA (individual Retirement Account)IRA (individual Retirement Account)Savings programs available to individuals. The plans allow for a certain amount to be deposited each year. This money is not subject to income tax for that year or following years as long as it is not withdrawn. The money is taxed as withdrawn upon retirement, usually when the depositor is in a lower tax bracket. During the life of the account, the money may be put into various interest bearing investments. Securities dealers as well as banking institutions now offer IRA'S. Further Suggestionsnormal retirement ageretirement relief individual retirement account normal retirement date retirement annuity contract (RAC) Retirement Debt retirement unfunded unapproved retirement benefits scheme early retirement Tax deferred retirement plans Retirement Protection Act of 1994 Employee Retirement Income Security Act phased retirement |
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