pension plan

pension plan
1. a systematic plan created and maintained, as by a corporation, to make regular payments of benefits to retired or disabled employees, either on a contributory or a noncontributory basis.
2. See retirement plan (def. 1).
[1955-60]

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Universalium. 2010.

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  • pension plan — pension plans N COUNT 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. [BUSINESS] I would have been… …   English dictionary

  • pension plan — n. A plan established by an employer to provide retirement benefits to employees. The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008. pension plan …   Law dictionary

  • pension plan — also pension scheme BrE n an arrangement in which you pay money regularly into a pension fund while you are working, so that you will receive a ↑pension …   Dictionary of contemporary English

  • pension plan — pension ,plan noun count the financial plan of a company or other organization for paying pensions to people …   Usage of the words and phrases in modern English

  • pension plan — A plan established and maintained by an employer primarily to provide systematically for the payment of definitely determinable benefits to his employees, or their beneficiaries, over a period of years (usually for life) after retirement.… …   Black's law dictionary

  • Pension plan — A fund that is established for the payment of retirement benefits. The New York Times Financial Glossary * * * pension plan ˈpension ˌplan also reˈtirement ˌplan noun [countable] FINANCE HUMAN RESOURCES …   Financial and business terms

  • pension plan — A fund that is established for the payment of retirement benefits. Bloomberg Financial Dictionary * * * pension plan ˈpension ˌplan also reˈtirement ˌplan noun [countable] FINANCE HUMAN RESOURCES …   Financial and business terms

  • pension plan — noun a plan for setting aside money to be spent after retirement • Syn: ↑pension account, ↑retirement plan, ↑retirement savings plan, ↑retirement savings account, ↑retirement account, ↑retirement program • Hypernyms: ↑ …   Useful english dictionary

  • Pension Plan — A type of retirement plan, usually tax exempt, wherein an employer makes contributions toward a pool of funds set aside for an employee s future benefit. The pool of funds is then invested on the employee s behalf, allowing the employee to… …   Investment dictionary

  • Pension Plan Administrator — An individual responsible for managing the day to day affairs and the strategic decisions involved with a group s pension fund/plan. More specifically, the plan administrator ensures that money is being contributed into the fund, the proper asset …   Investment dictionary

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