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Retirement Protection Act of 1994 |
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Retirement Protection Act of 1994Legislation designed to protect the pension benefits of workers and retirees by increasing required support of pension plans by employers.Retirement Protection Act of 1994 Similar MatchesIndividual 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. Early retirementEarly retirementFor company pension schemes, an employee may retire at an early age provided it is authorised by the company. In the UK, qualifying ages are 50 for men and 45 for women. However, the amount of pension payable will reduce compared with the amount payable at normal retirement age. Normal retirementNormal retirementThe age or number of working years after which a pension plan beneficiary can retire and receive unreduced benefits immediately. Debt retirementDebt retirementThe complete repayment of debt. See: Sinking fund. Registered Retirement Savings Plan (RRSP)Registered Retirement Savings Plan (RRSP)Tax-sheltered retirement plan for Canadian citizens, much like an American IRA. Further SuggestionsBonds Enabling Annual Retirement Savings (BEARS)Tax deferred retirement plans unfunded unapproved retirement benefits scheme Retirement IRA (individual Retirement Account) retirement relief Employee Retirement Income Security Act phased retirement Employee Retirement Income Security Act (ERISA) normal retirement date individual retirement account normal retirement age retirement annuity contract (RAC) |
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