employee pension benefit plan


employee pension benefit plan
USA
A plan, fund or program established or maintained by an employer, an employee organization or both. An employee benefit plan, by its express terms or as a result of surrounding circumstances, either:
• Provides retirement income to employees.
• Results in a deferral of employees' income to termination of employment or beyond.
Examples of employee pension benefit plans include defined benefit plans and cash balance plans.

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

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