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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 accountIndividual retirement accountIn the US, a tax-deferred retirement savings account which may be set up by people in employment. IRA contributions are tax deductible irrespective of income if neither spouse is a member of a qualified plan or trust. A person who is a member of a qualified plan may still deduct IRA contributions providing adjusted gross income is below a certain level. Although savings grow tax free over the term of the plan, when pension benefits are taken, they will be liable to tax. Normal retirement dateNormal retirement dateSee 'basic state pension'. Individual 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. 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. Unfunded unapproved retirement benefits schemeUnfunded unapproved retirement benefits schemeAn unfunded occupational pension scheme that is not designed to be approved by the Pension Schemes Office. Further SuggestionsRetirement Protection Act of 1994Tax deferred retirement plans IRA (individual Retirement Account) Normal retirement Retirement early retirement Debt retirement normal retirement age phased retirement retirement relief Registered Retirement Savings Plan (RRSP) retirement annuity contract (RAC) Employee Retirement Income Security Act |
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