Employee Retirement Income Security Act

 

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Employee Retirement Income Security Act

In the US, a federal law introduced for the protection of participants in private pension plans.



Similar Matches

Unfunded unapproved retirement benefits scheme

Unfunded unapproved retirement benefits scheme

An unfunded occupational pension scheme that is not designed to be approved by the Pension Schemes Office.


Retirement relief

Retirement relief

A special relief for Capital Gains Tax purposes which applies when an individual aged 55 or over disposes of his business or an interest in a business.


Employee Retirement Income Security Act (ERISA)

Employee Retirement Income Security Act (ERISA)

The law that regulates the operation of private pensions and benefit plans.


Retirement annuity contract (RAC)

Retirement annuity contract (RAC)

Prior to 30th June1988, people not in pensionable employment (employment where no pension scheme exists) or people who were self employed were able to qualify for tax relief for contributions made to a pension scheme known as a retirement annuity under sections 226 of the Income and Corporation Taxes Act 1970. Although RACs were replaced by personal pension plans from 1st July 1988 those already in force may continue to operate.


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.


Further Suggestions

Bonds Enabling Annual Retirement Savings (BEARS)
early retirement
Registered Retirement Savings Plan (RRSP)
normal retirement age
Debt retirement
individual retirement account
Retirement Protection Act of 1994
Retirement
phased retirement
normal retirement date
Individual Retirement Account (IRA)
IRA (individual Retirement Account)
Normal retirement


 
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