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61Employee Retirement Income Security Act - ERISA — The Employee Retirement Income Security Act of 1974 (ERISA) protects the retirement assets of Americans by implementing rules that qualified plans must follow to ensure that plan fiduciaries do not misuse plan assets. ERISA also: 1. Requires… …
62Guaranteed Earning Increase Death Benefit — A type of option that annuitants can purchase for their retirement annuities. This option would guarantee the beneficiary that the plan would receive an additional pre determined amount of money that would be above and beyond the death benefit in …
63Guaranteed Minimum Withdrawal Benefit - GMWB — A type of option that annuitants can purchase for their retirement annuities. This specific option gives annuitants the ability to protect their retirement investments against downside market risk by allowing the annuitant the right to withdraw a …
64Target Benefit — A Target Benefit plan is a defined contribution plan designed to provide benefits that would match a defined benefit plan at normal retirement age. For example, if the defined benefit plan being Targeted has a benefit of 1.5% of the final salary… …
65Military Benefit Association — The Military Benefit Association, based in Chantilly, Virginia, was founded in 1956 and is one of the largest non profit insurance associations in the United States sponsoring insurance plans and other membership benefits to the military and… …
66Federal Retirement Thrift Investment Board — Federal Thrift Retirement Investment BoardEstablished:1986Director:Andrew SaulEmployees:100 (2004)The Federal Retirement Thrift Investment Board was established as an independent agency of the United States government by the Federal Employees… …
67employee 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. www.practicallaw.com. 2010 …
68incapacity benefit — a state benefit payable to those under the state retirement age who are incapable of work because of an illness or disability but who do not qualify for statutory sick pay; it replaced invalidity benefit and sickness benefit in 1995. Entitlement… …
69incapacity benefit — a state benefit payable to those under the state retirement age who are incapable of work because of an illness or disability but who do not qualify for statutory sick pay; it replaced invalidity benefit and sickness benefit in 1995. Entitlement… …
70Employee Retirement Income Security Act — (ERISA) A federal law that sets minimum standards for pension plans and health benefit plans, to protect the employees covered by these plans. ERISA requires plans to provide certain information to plan participants, imposes responsibilities on… …
