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Pension plan |
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Pension planAn investment plan which can provide a lump sum on and an income after retirement. A pension plan is sometimes used as a way of providing a lump sum to repay the capital of an interest only mortgage.Pension planSee 'personal pension plan'.Pension planA fund that is established for the payment of retirement benefits.Pension plan Similar MatchesFunded pension planFunded pension planA pension plan in which all liabilities, including payments to be made to pensioners in the immediate future, are completely funded. Guaranteed minimum pensionGuaranteed minimum pensionThe minimum pension payable by a pension scheme in order that members may contract out of S2P (State Second Pension). Salary Reduction Simplified Employee Pension Plan (SARSEP)Salary Reduction Simplified Employee Pension Plan (SARSEP)A low-cost, no-frills version of a 401(k) employee savings plan available to companies with 25 or fewer employees. It allows employees to make pretax contributions to their IRAs through salary reduction each year. The Small Business Job Protection Act of 1996 ../../finance-glossary/d SARSEPs with SIMPLE (Savings Incentive Match Plan for Employees) plans. Existing SARSEPs were allowed to add new participants, but new plans could not be formed after December 31, 1996. Pension Benefit Guaranty Corporation (PBGC)Pension Benefit Guaranty Corporation (PBGC)A federal agency that insures the vested benefits of pension plan participants (established in 1974 by the ERISA legislation). Executive pension planExecutive pension planA pension plan which is tailored for directors and senior executive staff. Further SuggestionsMaster pension planState Pension flexible pension pension mortgage equivalent pension benefit Inland Revenue Pension Schemes Office Advance funded pension plan pension fund Underfunded pension plan Pensions Compensation Board occupational pension scheme Simplified Employee Pension (SEP) plan Pension Benefit Guaranty Corporation personal pension plan Occupational Pensions Regulatory Authority pension forecast State Earnings Related Pension Scheme Pension sponsors simplified employee pension plan defined contribution pension plan Pension liabilities National Insurance (NI) Basic Pension Unfunded pension plan personal pension scheme stakeholder pension |
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