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Pension plan
Pension planA fund that is established for the payment of retirement benefits. RELATED TERMS-------------------------------------- Fund To provide money for a specific purpose; an amount of money saved for a specific purpose. Payment The amount required to repay a loan, including interest and fees. Retirement Removal from circulation of stock or bonds that have been reacquired or redeemed. SIMILAR TERMS-------------------------------------- PENSACOLA Credit Union PENSACOLA is a credit union with head office in PENSACOLA, FL PENSACOLA GOVERNMENT Credit Union PENSACOLA GOVERNMENT is a credit union with head office in PENSACOLA, FL PENSACOLA L & N Credit Union PENSACOLA L & N is a credit union with head office in PENSACOLA, FL Pension A regular sum of money paid to a retired worker in return for past services or contributions. Pension adjustment The amount of contributions that can be made to a Registered Retirement Savings Plan (RRSP) on top of any contributions to a Registered Pension Plan (RPP) in a given year. Pension Benefit Guaranty Corporation (PBGC) A federal agency that insures the vested benefits of pension plan participants (established in 1974 by the ERISA legislation). Pension fund Financial institution that invests workers' pension contributions, and pays them pensions on retirement. Pension liabilities Future liabilities resulting from pension commitments made by a corporation. Accounting for pension liabilities varies widely by country. Pension parachute A form of poison pill providing that in the event of a hostile takeover attempt, any excess pension plan assets can be used to benefit pension plan participants. In the context of corporate governance, these provisions prevent an acquirer from using surplus cash in the pension fund of the target in order to finance an acquisition. Pension reversion Termination of an over funded defined benefit pension plan and replacement of it with a life insurance company-sponsored fixed annuity plan. Pension shortfall A situation in which a company offering employees a defined benefit plan does not have enough money set aside to meet the pension obligations to employees who will be retired in the future. Pension sponsors Organizations that have established a pension plan. PREVIOUS AND NEXT TERMS-------------------------------------- Pension adjustment The amount of contributions that can be made to a Registered Retirement Savings Plan (RRSP) on top of any contributions to a Registered Pension Plan (RPP) in a given year. Pension Benefit Guaranty Corporation (PBGC) A federal agency that insures the vested benefits of pension plan participants (established in 1974 by the ERISA legislation). Pension fund Financial institution that invests workers' pension contributions, and pays them pensions on retirement. Pension liabilities Future liabilities resulting from pension commitments made by a corporation. Accounting for pension liabilities varies widely by country. Pension parachute A form of poison pill providing that in the event of a hostile takeover attempt, any excess pension plan assets can be used to benefit pension plan participants. In the context of corporate governance, these provisions prevent an acquirer from using surplus cash in the pension fund of the target in order to finance an acquisition. Pension plan Pension reversion Termination of an over funded defined benefit pension plan and replacement of it with a life insurance company-sponsored fixed annuity plan. Pension shortfall A situation in which a company offering employees a defined benefit plan does not have enough money set aside to meet the pension obligations to employees who will be retired in the future. Pension sponsors Organizations that have established a pension plan. Penultimate profit prospect (PPP) The second-lowest-priced of the ten highest-yielding stocks in the Dow Jones Industrial Average that is said (by authors O'Higgins and Downes) to be the Dow stock with the best possibility of outperforming the average as a whole. People pill A form of poison pill providing that the entire management threatens to resign in the event of a takeover. We thank you for using the Financial Dictionary to search for Pension plan. If you have a better definition for Pension plan than the one presented here, please let us know by making use of the suggest a term option. This definition of Pension plan may be disputed by other professionals. Our attempt is to provide easy definitions on Pension plan and any other medical topic for the public at large.
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