What is PENSION PLAN?

A retirement plan offered by an employer. Funds come from both employee and employer. The employers managers make sure the funds are in there upon retirement. They do this by investing in fixed income or equity securities. AKA pension fund.

More On This Topic
  1. How To Fire An Employee The Right Way
  2. 401(K) Types, Loans, Contribution Limits, & Benefits
  3. Understanding Section 79 Plans With Permanent Life Insurance
  4. Difference Between A Profit Sharing Plan & A Thrift Saving Plan
  5. Nepotism, Cronyism, & Favoritism: Illegal Or Unethical?
  6. What To Expect With An IRA: Traditional, Roth, SEP, & SIMPLE
  7. Seven Factors Every Business Owner Must Know About Independent Contractor Law
  8. W-4: What It Is, Who They’re For, & How To Fill It Out
  9. Do You Pay Capital Gains on Mutual Funds Even if You Don’t Sell Any Funds?
  10. Three Conditions Required For Respondeat Superior

Related Legal Terms
NON-CONTRIBUTORY PENSION PLAN, EMPLOYEE PENSION BENEFIT PLAN, FUNDED PENSION PLAN, UNDERFUNDED PENSION PLAN, SIMPLIFIED EMPLOYEE PENSION PLAN, PENSION SHORTFALL, EMPLOYEE PROFIT SHARING PLAN (EPSP), SALARY REDUCTION PLAN, ORDINARY LIFE PENSION TRUST, MONEY PURCHASE PLAN


Link to This Definition
Did you find this definition of PENSION PLAN helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary