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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 MatchesNormal retirement dateNormal retirement dateSee 'basic state pension'. Tax deferred retirement plansTax deferred retirement plansEmployer-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 1994Retirement Protection Act of 1994Legislation 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 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. Further SuggestionsIRA (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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