The pension plan question on the March CPS attempted to identify if pension plan coverage was available through an employer or union and if the employee was included This information was collected for civilian persons 15 years old and over who worked during the previous calendar year
A negotiated benefit whereby the employer and/or the employee contribute regularly to a federally approved plan that will yield a benefit upon retirement
A contract between a company and it employees whereby the company agrees to pay benefits to employees after their retirement
An asset pool that accumulates over an individual's working years and is paid out during the nonworking years 536
a company or government sponsored plan that provides regular income to retired or disabled employees
An arrangement under which an employer-and sometimes the employee-makes payments toward retirement, disability, or death benefits for employees who meet certain criteria Types of pension plans include defined benefit plans, defined contribution plans, employee stock ownership plans, money purchase plans, profit-sharing plans, stock bonus plans, thrift plans, and target benefit plans
As listed in sections 401 and 404 of the Internal Revenue Code that describes a method for an employer to pay contributions to an employee's fund
An investment plan which can provide a lump sum on and an income after retirement A pension plan is sometimes used as a way of providing a lump sum to repay the capital of an interest only mortgage
A retirement plan that holds investments of a company's employees for the purpose of providing retirement benefits when the employee retires or leaves the company
Contractual agreement between an employer and its employees for the employer to provide benefits to employees after they retire (See (p 450))
An agreement under which an employer or employee organization establishes a plan to provide covered employees with a lifetime monthly income benefit that begins at their retirement The covered employees are pension plan participants The entity that establishes or maintains the pension plan is the pension plan sponsor
A formal arrangement through which the employer, and in most cases the employee, contribute to a fund to provide the employee with a lifetime income after retirement
A contract between an individual and an employer, labor union , government entity or other institution, which provides for the distribution of pension benefits at retirement Plan Custodian: An institution retained by a contractual plan company to perform clerical duties The custodian's responsibilities include safeguarding plan assets, sending out customer confirmations and issuing shares See also Custodian; Mutual Fund Custodian
A pension plan is an arrangement to receive a pension from an organization such as an insurance company or a former employer in return for making regular payments to them over a number of years. I would have been much wiser to start my own pension plan when I was younger. An arrangement for paying a pension to an employee, especially one funded fully or in large part by an employer. an arrangement in which you pay money regularly into a pension fund while you are working, so that you will receive a pension
A retirement plan established by a corporation or organization to provide income for its employees when they retire
A retirement plan with a predetermined benefit, the same as a defined benefit plan