tasarruf planı

Turkish - English

Definition of tasarruf planı in Turkish English dictionary

(Ticaret) savings plan

A type of defined contribution plan under which participants make contributions on a discretionary basis, with limits, and to which employers may also contribute, usually by fully or partially matching participants' contributions Commonly refers to a plan in which participant contributions are made after tax, which distinguishes it from a cash or deferred arrangement Also known as a thrift plan

bank deposit where one is able to deposit money for set periods of time in return for interest

A defined contribution plan offered by an employer or other plan sponsor to give employees/participants a vehicle for investing funds for retirement or other needs Most plans feature employer matching of employee contributions, and plan participation is voluntary Also known as a thrift plan

A defined contribution plan that allows its participants to make contributions within a given range (usually a percentage of salary) toward the ultimate benefits that will be provided Employer contributions to the plan are made on a matching basis, that is, 25 percent, 50 percent, or 100 percent of the contribution made by the participant The plan may also permit an employer, on a discretionary basis, to make additional contributions

Hyphenation

ta·sar·ruf pla·nı