employee pension benefit plan — USA A plan, fund or program established or maintained by an employer, an employee organization or both. An employee benefit plan, by its express terms or as a result of surrounding circumstances, either: • Provides retirement income to employees … Law dictionary
employee benefit — UK US noun [C] ► HR an advantage such as a pension plan, health insurance, or a car, that a company offers to employees in addition to their pay: »The company has no intention of cutting back parental leave benefits, flextime, and other employee… … Financial and business terms
Employee benefit — Employee benefits and (especially in British English) benefits in kind (also called fringe benefits, perquisites, perqs or perks) are various non wage compensations provided to employees in addition to their normal wages or salaries. Where an… … Wikipedia
employee welfare benefit plan — USA A plan, fund or program established or maintained by an employer or an employee organization or both. The purpose of an employee welfare benefit plan is to provide non retirement oriented benefits, through insurance or otherwise, such as: •… … Law dictionary
defined benefit plan — A pension or other employee benefit plan that provides specified amounts of benefits to eligible participants. The specified amounts of benefits are usually determined based upon age, years of service, and/or levels of compensation. American… … Financial and business terms
Unit Benefit Plan — An employer sponsored pension plan that provides retirement benefits based on a dollar amount or, more typically, a percentage of the employee s earnings for each year of service. A unit benefit plan is usually based on a percentage ranging from… … Investment dictionary
defined benefit plan — de·fined benefit plan n: a pension plan in which the amount of benefits paid to an employee after retirement is fixed in advance in accordance with a formula given in the plan Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. defined… … Law dictionary
Variable Benefit Plan — A type of retirement plan in which the payout changes depending on how well the plan s investments perform. Variable benefit plans, also called defined contribution plans, allow the plan holder to manage his or her own account. By contrast, a… … Investment dictionary
Defined-Benefit Plan — An employer sponsored retirement plan where employee benefits are sorted out based on a formula using factors such as salary history and duration of employment. Investment risk and portfolio management are entirely under the control of the… … Investment dictionary
excess benefit plan — USA A plan maintained by an employer solely to provide certain employees with benefits that exceed the limits that apply to employee pension benefit plans under Section 415 of the Internal Revenue Code. Unfunded excess benefit plans are exempt… … Law dictionary
