pension savings
21Defined benefit pension plan — For the defined contribution pension plan, see Defined Contribution Pension Plan. In economics, a defined benefit pension plan is a major type of pension plan in which an employer promises a specified monthly benefit on retirement that is… …
22Registered Retirement Savings Plan — A Registered Retirement Savings Plan or RRSP is an account that provides tax benefits for saving for retirement in Canada. RRSP refers to a provision in the Income Tax Act that allows a person to shelter financial property from income taxes.RRSPs …
23old age pension — ➔ pension1 * * * old age pension UK US noun [C] ► FINANCE, GOVERNMENT in the UK, a type of retirement pension that is paid regularly by the state to people who have stopped working because they have reached a particular age: »He has no savings… …
24retirement savings account — noun a plan for setting aside money to be spent after retirement • Syn: ↑pension plan, ↑pension account, ↑retirement plan, ↑retirement savings plan, ↑retirement account, ↑retirement program • Hypernyms: ↑ …
25retirement savings plan — noun a plan for setting aside money to be spent after retirement • Syn: ↑pension plan, ↑pension account, ↑retirement plan, ↑retirement savings account, ↑retirement account, ↑retirement program • Hypernyms: ↑ …
26Mexico Pension Plan — Mexico reformed its pension system in 1997, transforming it from a pay as you go (PAYG), defined benefit (DB) scheme to a fully funded, private and mandatory defined contribution (DC) scheme. The reform was modeled after the pension reforms in… …
27Registered Retirement Savings Plan Deduction Limit - RRSP Deduction Limit — The maximum amount that the Canada Revenue Agency (CRA) allows a taxpayer to deduct from his or her personal income when calculating tax liability. The sum of contributions made to a taxpayer s personal RRSP and his or her spouse s or common law… …
28Registered Retirement Savings Plan - RRSP — A legal trust registered with the Canada Revenue Agency and used to save for retirement. RRSP contributions are tax deductible and taxes are deferred until the money is withdrawn. An RRSP can contain stocks, bonds, mutual funds, GICs, contracts… …
29Salary Reduction Simplified Employee Pension Plan — ( SARSEP) A low cost, no frills version of a 401( k) employee savings plan available to companies with 25 or fewer employees. It allows employees to make pretax contributions to their IRAs through salary reduction each year. The Small Business… …
30contractual savings — /kənˌtræktʃuəl seɪvɪŋs/ plural noun savings in the form of regular payments into long term investments such as pension schemes …
