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Employee Retirement Income Security Act |
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Employee Retirement Income Security ActIn the US, a federal law introduced for the protection of participants in private pension plans.Similar MatchesRetirementRetirementRemoval from circulation of stock or bonds that have been reacquired or redeemed. 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. 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. 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. Further SuggestionsRegistered Retirement Savings Plan (RRSP)normal retirement age Debt retirement Employee Retirement Income Security Act (ERISA) phased retirement Retirement Protection Act of 1994 normal retirement date Normal retirement retirement annuity contract (RAC) IRA (individual Retirement Account) early retirement Bonds Enabling Annual Retirement Savings (BEARS) retirement relief |
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