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| Definitions by InvestorWords.com |
| What is...? |
| pension plan A qualified retirement plan set up by a corporation, labor union, government, or other organization for its employees. Examples include profit-sharing plans, stock bonus and Employee Stock Ownership Plans, thrift plans, target benefit plans, money purchase plans, and defined benefit plans. see also direct rollover, eligibility requirements, SAPSEP, ERISA, individual policy pension trust, individual retirement account, non-contributory plan, non-insured plan, pension fund, plan sponsor, underfunded pension plan. |
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