pension

(redirected from Individual pension plans)
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pension

(1) A regular payment plan intended to provide a person who retired from a job with a secure income for life.
(2) A monthly payment from a pension.
References in periodicals archive ?
The extended social coverage provided by the social security system and the lack of government guarantees in case of unfavorable returns on private pension plan investment could be the reason why Spanish occupational pension plans accumulate a moderate volume of assets compared to occupational pension plans in other European countries and Spanish individual pension plans. Given that Spanish individual pension plans receive more contributions than occupational pension plans and have more participants, our proposal here is to focus on individual pension plans (1), unlike Del Guercio and Tkac (2002) and Krasnokutskaya and Todd (2009), who use occupational pension fund data.
"All they can do," he says, "is to build a separate pot of money, either in the annual tax shelter of individual savings accounts (ISAs) or into private individual pension plans of their own.
Six million people have individual pension plans, but little more than half are presently held by savers making contributions.

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