f (cf retirement benefit be)
51Accrued Monthly Benefit — The earned pension benefit that will be paid to an employee at regular retirement age. The accrued monthly benefit is based on the employee s years of service through the accrual date, and is paid to pension holders each month following… …
52Defined-Benefit Plan — An employer sponsored retirement plan where employee benefits are sorted out based on a formula using factors such as salary history and duration of employment. Investment risk and portfolio management are entirely under the control of the… …
53Variable Benefit Plan — A type of retirement plan in which the payout changes depending on how well the plan s investments perform. Variable benefit plans, also called defined contribution plans, allow the plan holder to manage his or her own account. By contrast, a… …
54Qualified Pre-Retirement Survivor Annuity - QPSA — A death benefit that is paid to the surviving spouse of a deceased employee. If the employee dies before retirement, the qualified pre retirement survivor annuity is paid to recompense the surviving spouse for the loss of retirement benefits that …
55Individual Retirement Account — An Individual Retirement Account (or IRA) is a retirement plan account that provides some tax advantages for retirement savings in the United States.Legal basisThe individual retirement account and related vehicles (see Definitions) were created… …
56employee welfare benefit plan — USA A plan, fund or program established or maintained by an employer or an employee organization or both. The purpose of an employee welfare benefit plan is to provide non retirement oriented benefits, through insurance or otherwise, such as: •… …
57419(e) Welfare Benefit Plans — A type of employer sponsored employee welfare benefit plan. 419(e) welfare benefit plans qualify under paragraph (e) of Section 419 of the Internal Revenue Code. They provide a range of benefits to employees, such as life, health, disability,… …
58Oklahoma Public Employees Retirement System — Great Seal of Oklahoma Agency overview Formed 1964 Headquarters 5801 N. Broa …
59Phased Retirement — A broad range of employment arrangements that allow an employee who is approaching retirement age to continue working with a reduced workload, and eventually transition from full time work to full time retirement. Phased retirement may include a… …
60Certified Employee Benefit Specialist — A professional designation available in both the United States and Canada that indicates a human resource professional s expertise in employee benefits. The program is overseen by the Wharton School of Business at the University of Pennsylvania… …
