employee benefit plan

employee benefit plan
USA
Either an employee pension benefit plan or an employee welfare benefit plan or a plan which is both.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.


employee benefit plan
n. A benefit other than salary (such as health insurance or pension) granted by an employer to its employees, subject to a written plan document, the taxable status of which is governed by the federal Employee Retirement Income Security Act of 1974.

Webster's New World Law Dictionary. . 2000.

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