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.

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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


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