Term of Day
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and are distributed to the
employees. Its two basic types are (1)
Deferred compensation plan
in which an
pays a fixed monthly
depending on the employee's retirement age,
length of service
received. It may also be paid to a deceased employee's surviving spouse. (2)
Defined contribution plan
in which the
contributes a percentage of salary every
and the employer matches it. Upon retirement the employee receives the combined sum. Also called
cash balance pl...
roll up costs
mirroring and m...
past service li...
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HRA vs. HSA
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Popular 'Hr, Recruiting, Teams, & Training' Terms
Mentioned in These Terms
simplified employee pension plan
funded pension plan
non-contributory pension plan
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