Salary reduction plan

 

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Salary reduction plan

A tax deferred retirement plan which provides for an employee to have a certain amount of gross salary withheld and invested in a choice of stocks and bonds. Contributions and fund growth are free of tax until withdrawal.

Salary reduction plan

A plan allowing employees to contribute pre-tax income to a tax-deferred retirement plan.



Salary reduction plan

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Salary Reduction Simplified Employee Pension Plan (SARSEP)

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