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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 MatchesDebt retirementDebt retirementThe complete repayment of debt. See: Sinking fund. RetirementRetirementRemoval from circulation of stock or bonds that have been reacquired or redeemed. Retirement reliefRetirement reliefA 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. IRA (individual Retirement Account)IRA (individual Retirement Account)Savings programs available to individuals. The plans allow for a certain amount to be deposited each year. This money is not subject to income tax for that year or following years as long as it is not withdrawn. The money is taxed as withdrawn upon retirement, usually when the depositor is in a lower tax bracket. During the life of the account, the money may be put into various interest bearing investments. Securities dealers as well as banking institutions now offer IRA'S. 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 Suggestionsnormal retirement ageEmployee Retirement Income Security Act (ERISA) retirement annuity contract (RAC) Normal retirement unfunded unapproved retirement benefits scheme Individual Retirement Account (IRA) individual retirement account Bonds Enabling Annual Retirement Savings (BEARS) phased retirement Registered Retirement Savings Plan (RRSP) Retirement Protection Act of 1994 normal retirement date early retirement |
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