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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 MatchesIRA (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 This money is not subject to income tax for that year or following years as long as it is not withdrawn. The money is taxed as withdrawn upon retirement, usually when the depositor is in a lower tax bracket.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. Employee Retirement Income Security ActEmployee Retirement Income Security ActIn the US, a federal law introduced for the protection of participants in private pension plans. 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. Normal retirementNormal retirementThe age or number of working years after which a pension plan beneficiary can retire and receive unreduced benefits immediately. Normal retirement dateNormal retirement dateSee 'basic state pension'. Further SuggestionsRegistered Retirement Savings Plan (RRSP)Tax deferred retirement plans individual retirement account phased retirement Retirement Employee Retirement Income Security Act (ERISA) retirement annuity contract (RAC) early retirement retirement relief normal retirement age Individual Retirement Account (IRA) Debt retirement Bonds Enabling Annual Retirement Savings (BEARS) |
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