pension plan

Definition

A qualified retirement plan set up by a corporation, labor union, government, or other organization for its employees. A business could offer a profit-sharing plan, a stock bonus plan, an Employee Stock Ownership Plan (ESOP), a thrift plan, a target benefit plan, a money purchase pension plan, or a defined benefit plan.

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Related Terms

direct rollover, eligibility requirements, SARSEP, ERISA, individual policy pension trust, Individual Retirement Account, non-contributory plan, non-insured plan, pension fund, plan sponsor, underfunded pension plan, accrued benefit

'pension plan ' appears in the definitions of these terms on BusinessDictionary.com
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