salary reduction Definition

salary reduction

Definition

Tax-deferred contributions withheld from an employee's compensation for a retirement plan.

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Mentioned in these terms

Salary Reduction Simplified Employee Pension Plan

Related Terms on BusinessDictionary

capital accumulation plan

Popular 'Retirement' Terms

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deferred compensation
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salary reduction is ...

... part of the Retirement and Taxes subjects.

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Salary Reduction Simplified Employee Pension Plan
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