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Pension plan

• A fund that is established for the payment of retirement benefits.

• A plan set up by one or more employers to pay retirement benefits to employees. See defined benefit plan, defined contribution plan.

 
 Embedded terms in definition
 Defined benefit plan
Defined contribution plan
 
 Related Terms
 

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Practical Advice for Everyone on How to Save and Manage Money: No matter how old or young you are, there are some basic things you can do to better manage and protect your money. Here are recommendations from FDIC Consumer News. More...

When a true genius appears in the world you may know him by this sign: that all the dunces are in confederacy against him. - Johnathan Swift

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