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 Matches

Normal retirement date

Normal retirement date

See 'basic state pension'.


Tax deferred retirement plans

Tax deferred retirement plans

Employer-sponsored and other plans that allow contributions and earnings to be made and accumulate tax-free until they are paid out as benefits.


Retirement Protection Act of 1994

Retirement Protection Act of 1994

Legislation designed to protect the pension benefits of workers and retirees by increasing required support of pension plans by employers.


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.


Individual retirement account

Individual retirement account

In 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.


Further Suggestions

IRA (individual Retirement Account)
Registered Retirement Savings Plan (RRSP)
phased retirement
Debt retirement
Bonds Enabling Annual Retirement Savings (BEARS)
retirement annuity contract (RAC)
early retirement
unfunded unapproved retirement benefits scheme
Normal retirement
retirement relief
normal retirement age
Retirement
Employee Retirement Income Security Act


 
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