money purchase pension plan
1money purchase pension plan — USA money purchase plan, Also known as a money purchase pension plan. A defined contribution plan that provides for an individual account for each participant and for fixed employer contributions. Benefits under a money purchase plan are… …
2Money-Purchase Pension Plan — A pension plan to which employers and employees make contributions based on a percentage of annual earnings, in accordance with the terms of the plan. Upon retirement, the total pool of capital in the member s account can be used to purchase a… …
3money purchase plan — USA money purchase plan, Also known as a money purchase pension plan. A defined contribution plan that provides for an individual account for each participant and for fixed employer contributions. Benefits under a money purchase plan are… …
4money purchase scheme — UK US noun [countable] [singular money purchase scheme plural money purchase schemes] business a pension plan in which a person’s payments are used to invest in an annuity . The amount of pension that the person receives depends on the total… …
5Money-Purchase Provisions — The terms of a registered pension plan that detail the specific amounts that an employer and employee contribute to the plan. The amounts may be stated in dollars or percentages. The provisions of the pension plan states the maximum amount of the …
6pension plan — A plan established and maintained by an employer primarily to provide systematically for the payment of definitely determinable benefits to his employees, or their beneficiaries, over a period of years (usually for life) after retirement.… …
7money purchase scheme — UK / US noun [countable] Word forms money purchase scheme : singular money purchase scheme plural money purchase schemes business a pension plan in which a person s payments are used to invest in an annuity. The amount of pension that the person… …
8group personal pension plan — group personal pension plan/group personal pension scheme (GPPP) An arrangement for the employees of a specific employer to participate in a personal pension scheme on a group basis. A GPPP is effectively a series of individual personal pensions… …
9Target-Benefit Plan — A benefit plan that is similar to a defined benefit plan since contributions are based on projected retirement benefits. However, unlike a defined benefit plan, the benefits provided to participants at retirement are based on the performance of… …
10Qualified Retirement Plan — A plan that meets requirements of the Internal Revenue Code and as a result, is eligible to receive certain tax benefits. These plans must be for the exclusive benefit of employees or their beneficiaries. There are two kinds of qualified plans:… …
