Category: Other
Created by: zzcgood
Number of Blossarys: 7
English (EN)
An individual who participates in a retirement plan sponsored either by his/her employer or, if self-employed, by himself or herself. A person would be considered an active participant if his/her ...
Colloquial term for a sum of money or funds set aside for purposes like retirement, university tuitions, or to describe the overall wealth of an individual, family or entity. The phrase nest egg is ...
A readjustment of insurance and pension benefits due to changes in a company's financial reserves. Impacts may include an increased number of pensioners retiring early or the overall financial health ...
A retirement plan option that allows an employee to set aside assets before retirement as long as the contributions follow the delegated schedule and regulations set forth by the pension plan. This ...
A provision that allowed employees to receive their earned income credit as an advance in their paycheck throughout the year. The earned income credit is a refundable tax credit intended for ...
AVCs. In addition to regularly made contributions, these are extra contributions paid by an employee into a pension plan. Employees tend to make additional contributions to save more money for ...
A partial or complete loss of retirement plan benefits which may result when an employee owes money to his or her plan or receives benefits from another source. The Social Security Act includes a ...
