Retirement

401(k) Plans: Employer-Sponsored Retirement Accounts Offering Tax Advantages
Comprehensive overview of 401(k) plans: employer-sponsored retirement savings accounts providing tax advantages and investment options for future retirement income.
403(b) Plan: Retirement Savings for Non-Profit and Public School Employees
A 403(b) plan is a retirement savings plan designed for employees of public schools and certain tax-exempt organizations, similar to a 401(k) plan but specifically for non-profits and public schools.
403(b) Plans: Retirement Plans for Public School and Non-Profit Employees
Detailed definition, types, examples, historical context, and more about 403(b) plans, which are tax-advantaged retirement savings plans for employees of public schools and certain non-profit organizations.
412(e)(3) Plan: Defined Benefit Pension Plan
A 412(e)(3) plan is a type of defined benefit pension plan that is funded exclusively by life insurance and annuity contracts. Known for guaranteed benefits, these plans are subject to enhanced regulatory scrutiny to prevent abuses.
Additional Voluntary Contribution: Enhancing Pension Benefits
Additional Voluntary Contribution (AVC) refers to extra payments that employees can make to their pension scheme to boost the benefits they receive upon retirement. These contributions can be directed towards either the pension payable or a tax-free lump sum.
Annuitant: A Person Receiving an Annuity
Detailed exploration of what an annuitant is, including historical context, types, key events, detailed explanations, and much more.
Annuities: Insurance Products Providing Fixed or Variable Periodic Payments
Annuities are insurance products that provide guaranteed income streams, used primarily as part of retirement strategies. They can offer fixed or variable periodic payments, playing a crucial role in financial planning.
Annuity: Financial Security through Periodic Payments
An annuity is a financial contract where an individual pays a premium to an insurance company in exchange for periodic payments over time, providing a reliable income stream. This article delves into the types, historical context, key events, mathematical models, importance, applicability, and more.
Annuity: A Comprehensive Financial Instrument for Lifetime Income
An annuity is a contract with a financial institution, usually an insurance company, that provides regular income payments for life. This entry covers historical context, types, key events, mathematical models, examples, and more.
Annuity Certain: Guaranteed Payment Duration
An annuity in which payments continue for a specified period irrespective of the life or death of the person covered.
Annuity Contract: Agreement for Financial Security
An Annuity Contract establishes the terms of the annuity, providing a steady income stream typically for retirees. Explore its types, benefits, risks, and historical context.
Auto-enrolment: Simplifying Employee Pension Participation
Auto-enrolment is the process of automatically enrolling employees into a pension scheme, ensuring wider participation and future financial security.
Automatic Enrolment: A Statutory Duty for Employers
An overview of Automatic Enrolment, a statutory duty for employers to automatically enroll eligible employees into a pension scheme, including historical context, key events, types, importance, applicability, examples, related terms, comparisons, interesting facts, FAQs, and references.
Autonomous Pension Funds: Providing Secure Retirements
Autonomous Pension Funds are established by employers, or jointly by employers and employees, to provide pensions for specific groups of employees, ensuring financial security in retirement.
Benefit Rate: The Percentage of Earnings Used to Calculate Retirement Benefits
An in-depth look at the Benefit Rate, the percentage of earnings used to calculate retirement benefits, including examples, types, historical context, and related terms.
Benefits: Non-Wage Compensations Explained
An in-depth look at non-wage compensations such as health insurance, retirement plans, and paid time off, typically provided to employees.
Canada Pension Plan (CPP): National Retirement Pension Scheme
The Canada Pension Plan (CPP) is a comprehensive national retirement pension scheme in Canada, designed to provide a basic level of income to Canadian retirees. This entry explores its historical context, key features, and importance.
Cash Balance Plan: Defined Benefits Explained
A comprehensive guide to understanding cash balance plans, a type of defined benefit plan that operates with a stated account balance.
Contributory Pension: A Comprehensive Overview
An in-depth exploration of contributory pensions, where both employees and employers contribute to the pension fund, including historical context, key events, types, formulas, importance, and more.
Contributory Pension Scheme: Comprehensive Overview
A detailed exploration of the contributory pension scheme where both employees and employers contribute to retirement funds, including historical context, key events, mathematical models, and practical applications.
CPP (Canada Pension Plan): Comprehensive Guide
The Canada Pension Plan (CPP) is a government-managed program that provides retirement, disability, and survivor benefits to Canadian workers. It is a key component of the country's social safety net, designed to ensure financial security for retirees and individuals facing disability or the loss of a family member.
DC Scheme: Defined-Contribution Pension Scheme
A comprehensive guide to understanding defined-contribution pension schemes, including their history, types, importance, and related concepts.
Defined Benefit: Understanding Traditional Pension Schemes
A comprehensive guide to Defined Benefit (DB) plans, including historical context, types, key events, explanations, formulas, importance, applicability, examples, related terms, comparisons, facts, and more.
Defined Benefit Scheme: A Comprehensive Guide
A detailed examination of Defined Benefit Schemes, covering historical context, types, key events, mathematical models, importance, examples, considerations, and related terms.
Defined Contribution Plan: Understanding Retirement Contributions and Benefits
A comprehensive guide to understanding Defined Contribution Plans, where contributions are defined, but the final retirement benefits are subject to investment performance.
Defined-Benefit (DB) Plan: Predetermined Retirement Benefit
A Defined-Benefit (DB) Plan is a retirement plan where the benefit amount is predetermined based on a formula considering factors such as salary history and duration of employment.
Defined-Benefit Pension Scheme: Comprehensive Overview
An in-depth look into Defined-Benefit Pension Schemes, their structure, importance, and evolving landscape in the retirement planning industry.
Defined-Benefit Scheme: Guarantees a Specific Retirement Benefit Amount
A detailed explanation of Defined-Benefit Schemes, which are retirement plans that promise a specified monthly benefit upon retirement, usually based on salary and years of service.
Defined-Contribution (DC) Plan: A Retirement Plan Where the Contribution Amount is Defined
A Defined-Contribution (DC) Plan is a retirement plan in which the employer, employee, or both make contributions on a regular basis, but the future benefits fluctuate based on investment performance.
Defined-Contribution Pension Scheme: An In-Depth Look
A detailed exploration of Defined-Contribution Pension Schemes, including their types, benefits, comparisons, and key considerations.
Early Retirement Age: Understanding Retirement Before Normal Retirement Age (NRA)
Early Retirement Age refers to the age at which an individual can retire and start receiving benefits before reaching the Normal Retirement Age (NRA), usually with reduced benefits.
ERISA: Federal Law Governing Employee Benefits
The Employee Retirement Income Security Act (ERISA) is a federal law that sets minimum standards for health plans in private industry, providing protections for individuals in these plans.
Federal Employees Retirement System: Comprehensive Overview
A detailed guide to the Federal Employees Retirement System (FERS), an integral retirement plan for U.S. federal employees, covering structure, benefits, historical context, and more.
Fully Funded Pension: Comprehensive Overview
A detailed exploration of fully funded pensions, their significance, mechanics, and comparison with other pension schemes.
Individual Retirement Account (IRA): A Comprehensive Overview
An in-depth exploration of Individual Retirement Accounts (IRAs), including historical context, types, key events, and practical applications for retirement planning.
Life Cycle: The Lifetime Pattern of Income and Consumption
The life cycle is the concept that describes the pattern of income and consumption throughout an individual's life. It typically involves stages of dependency, rising income, peak earning, and retirement, with corresponding variations in consumption and saving.
Mandatory Retirement Age: An Age at Which Employees Must Retire
Mandatory Retirement Age is an age determined by employers or legislation at which employees must retire, which is becoming less common due to anti-age discrimination laws.
Non-Contributory Pension: Employer or Government-Funded Pensions
An in-depth overview of Non-Contributory Pensions, covering their historical context, types, key events, detailed explanations, importance, applicability, examples, considerations, related terms, comparisons, interesting facts, famous quotes, and FAQs.
Non-Contributory Pension Scheme: Employer-Funded Retirement Plans
An in-depth look at non-contributory pension schemes, where the employer shoulders the entirety of contributions, and the implications for employees and businesses.
Non-Contributory Pension Scheme: Employer-Funded Retirement Benefits
A Non-Contributory Pension Scheme is a pension scheme wherein the employer bears the entire cost of the employees' pensions without requiring contributions from the employees.
Non-Qualified Annuity: Understanding After-Tax Investments
A comprehensive guide to non-qualified annuities, their history, types, key events, detailed explanations, formulas, charts, importance, applicability, examples, considerations, related terms, comparisons, interesting facts, quotes, proverbs, jargon, FAQs, and references.
Normal Retirement Age (NRA): The Age for Full Pension Benefits
The Normal Retirement Age (NRA) is the age at which a person can retire with full social security or pension benefits, without any reduction. Learn about its historical context, importance, key events, and applicability.
OASDI: Old-Age, Survivors, and Disability Insurance
OASDI, an acronym for Old-Age, Survivors, and Disability Insurance, is a federal program funded by Social Security taxes, providing financial benefits to retirees, survivors of deceased workers, and workers with disabilities.
Occupational Pension Scheme: A Comprehensive Guide
An in-depth look into Occupational Pension Schemes, their types, key events, mathematical models, importance, and applicability.
Old Age Security: A Federal Pension Plan for Canadian Seniors
Old Age Security (OAS) is a federal program that provides a monthly benefit to Canadians aged 65 and older. This comprehensive article delves into the history, eligibility, and importance of OAS, alongside key events and practical considerations for applicants.
Pay-As-You-Go Pension: A Guide to Understanding the System
Explore the intricacies of the Pay-As-You-Go pension system, its historical context, importance, examples, and more. Learn how it differs from fully funded pension schemes and discover the challenges involved in transitioning between the two.
Pension: Retirement Income from Investment Funds
A comprehensive overview of pensions, their types, importance, and historical context, providing a financial safety net for retirees.
Pension: Comprehensive Guide
A comprehensive guide to understanding pensions, including types, history, key events, mathematical models, and more.
Pension Contributions: The Foundation of Retirement Security
An in-depth exploration of pension contributions, including their historical context, importance, types, key events, mathematical models, and more.
Pension Fund: Comprehensive Guide
An extensive guide covering the intricacies of pension funds, including types, key events, mathematical models, and examples.
Pension Funding Gap: The Shortfall Between Obligations and Assets
An in-depth exploration of the Pension Funding Gap, including its historical context, implications, key events, types, mathematical models, and more.
Pension Funds: Investment Pools for Retirement Savings
Pension Funds are investment pools tailored to facilitate Baby Boomers and other individuals in saving for retirement, providing a structured and secure method of accruing financial resources for the post-employment phase of life.
Pension Insurance Contract: Comprehensive Overview
A detailed look into pension insurance contracts, including their historical context, types, key events, detailed explanations, importance, applicability, and more.
Pension Liability: The Present Value of Future Pension Payments
Pension Liability refers to the present value of future pension payments owed to employees. It represents the amount a company or government has to set aside now to ensure it can meet its pension obligations in the future.
Pension Obligation: Total Amount Payable in Pension Benefits
An in-depth look into Pension Obligation, which represents the total amount a company is obligated to pay its employees in the form of pension benefits, including historical context, types, key events, explanations, formulas, importance, and applicability.
Pension Plans: Financial Programs for Retirement
Regular periodic payments to retired employees. Financial programs that provide income during retirement based on years of service and salary history.
Pension Scheme: Comprehensive Overview
An in-depth analysis of pension schemes, their types, historical context, importance, applicability, examples, and related terms.
Pension Scheme: A Comprehensive Guide to Retirement Plans
An in-depth exploration of pension schemes, including contributory and non-contributory pension schemes, under-funded and unfunded pension schemes, historical context, types, key events, and examples.
Pensionable Age: Understanding the Threshold for Retirement Benefits
A comprehensive guide to the age at which individuals become eligible to receive pension benefits, examining variations across countries, historical context, and implications for financial planning.
Pensioner: Understanding Retirement Benefits
A comprehensive guide to understanding the role and benefits of a pensioner in society, the types of pensions available, and the historical context of pension systems.
Pensions Act 2014: Introduction of the New State Pension
The Pensions Act 2014 is a significant piece of legislation in the United Kingdom that introduced the New State Pension, affecting how pensions are calculated and received.
Personal Pension Scheme: Retirement Planning Tool
A Personal Pension Scheme allows individuals to contribute part of their salary towards a pension provider, such as an insurance company or bank, which invests the funds for retirement.
Phased Retirement: Flexible Approach to Retirement
A flexible approach to retirement that gradually transitions individuals from full-time work to part-time or seasonal employment, aimed at alleviating the pension crisis.
Post-Employment Benefit Plan: Comprehensive Overview
A detailed explanation of Post-Employment Benefit Plans, including types, importance, key events, mathematical models, examples, and related terms.
Post-Employment Benefits: Comprehensive Guide
In-depth analysis of post-employment benefits, their types, accounting treatments, historical context, and impact on financial statements and former employees.
Primary Insurance Amount: The Base for Calculating Social Security Benefits
Primary Insurance Amount (PIA) is the fundamental figure used by the Social Security Administration (SSA) to determine the Social Security benefits individuals are entitled to.
Qualified Benefit Plan: A Retirement Plan with Favorable Tax Treatment
A comprehensive guide to understanding qualified benefit plans, including their historical context, types, key events, detailed explanations, mathematical models, importance, applicability, examples, considerations, related terms, comparisons, interesting facts, inspirational stories, famous quotes, proverbs and clichés, expressions, jargon, and FAQs.
Qualified Plans: Retirement Plans That Meet ERISA Standards
A comprehensive guide to Qualified Plans, detailing their types, key events, benefits, rules, and more, with historical context, mathematical models, examples, and related terms.
Qualified Retirement Plans: A Comprehensive Overview
Understanding Qualified Retirement Plans including 401(k) and IRA. Learn the definition, types, benefits, and regulations.
Retiree: A Comprehensive Guide to Life After Work
An in-depth exploration of retirees, including historical context, types, key events, importance, applicability, examples, and more.
Retirement Plans: Comprehensive Overview and Guide
An extensive guide to various retirement plans designed to secure financial stability in post-retirement life. This article covers types, key events, formulas, and more.
Retirement Savings: Fundamental Financial Planning for Retirement
Retirement savings refers to the funds that individuals accumulate to support their financial needs during retirement. It involves various financial instruments and strategies to ensure monetary stability in the post-employment years.

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