pension

(redirected from pension plans)
Also found in: Dictionary, Thesaurus, Legal, Financial, Encyclopedia.

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 provisions of accounting for defined benefit pension plans are specified by the Statement of Financial Accounting Standards No.
Lofgren said this shift is a response to the increased regulatory complexities that govern pension plans. "Some employers seem to have concluded that the administrative hassles of sponsoring a pension plan are so large that the only way they can win is by not offering a defined-benefit plan at all," he said.
The defined-contribution pension plan will be an alternative to the current defined-benefit pension plans, many of which are running at a loss.
IF, like millions of other people, you are left having to make your own pension arrangements, choosing the right pension plan can seem a daunting prospect.
Critics reasoned that firms with relatively young workers would establish or maintain pension plans, choosing to contract out of the public plan (at a savings).
Police and firefighter pension plans, since their inception, have been modeled after military pensions.
Crow Burlingame's pension plan had approximately 500 participants and assets of $12 million as of the end of March 1991.
Self-employed individuals and employees who are not members of pension plans can attempt to estimate their contribution limits.
"How long can American Railroads stand the financial strain of their present pension plans?' asked the trade journal Railway Age in 1925.
The finance minister of Canada has called for the establishment of a private pension plan in the nation.
These moves come at a time when the revised Direct Taxes Code has proposed that annuity income from pension plans be tax- free, bringing them at par with other EEE options, such as Ulips.
Although the pension plans have been maintained, their future remains uncertain.