salary reduction plan
Definition
Pension plan in which employees make tax-deferred contributions from their salary to retirement accounts. This deduction reduces their taxable income and qualifies them for a lower tax bracket. Also called capital accumulation plan.
Popular 'Accounting & Auditing' Terms
salary reduction plan in the news
This content can be found on the following page:
http://www.businessdictionary.com/definition/salary-reduction-plan.html







