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 deferred compensation plan, defined benefit plan, compensation package, contributory plan, deposit administration contract, and 
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