to provide a pension
101money 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… …
102Canada Pension Plan - CPP — One of three levels of Canada s retirement income system, which is responsible for paying retirement or disability benefits. The Canada Pension Plan was established in 1966 to provide a basic benefits package for retirees and disabled… …
103Welfare And Pension Plans Disclosure Act (WPPDA) — A late 1950s law that gave the U.S. Department of Labor regulatory authority over employee benefits plans for the first time. The Welfare and Pension Plans Disclosure Act (WPPDA) mandated that employers and labor unions provide plan descriptions… …
104ex gratia pension — A pension paid by an employer although there is no legal, contractual, or implied commitment to provide it …
105Social Protection — ▪ 2006 Introduction With medical costs skyrocketing and government programs scaled back, citizens bore more responsibility for their health care costs; irregular migration, human trafficking, and migrant smuggling posed challenges for… …
106Pensions in the United Kingdom — fall into seven major divisions; Basic State Pension, State Second Pension (S2P), Occupational Pensions, Stakeholder Pensions, Group Personal Pensions and Personal or Individual Pensions. Personal accounts, automatic enrollment and the minimum… …
107Annuity (European financial arrangements) — An annuity can be defined as a contract which provides an income stream in return for an initial payment.Immediate annuityAn immediate annuity is an annuity for which the income stream begins at a time after the initial payment which is less than …
108Otto von Bismarck — Not to be confused with Otto Christian Archibald von Bismarck. Otto von Bismarck Otto von Bismarck in August 1890 1st Chancellor of the German Empire …
109Locked-In Retirement Account - LIRA — A type of registered retirement savings alternative that locks in the pension funds in investments. While the funds are locked in, they are unavailable for cash out. Pension funds that are transferred to a LIRA are used to purchase a life annuity …
110Annuity (US financial products) — In the U.S. an annuity contract is created when an individual gives a life insurance company money which may grow on a tax deferred basis and then can be distributed back to the owner in several ways. The defining characteristic of all annuity… …
