pension plan
Future income arrangement
A pension plan is an arrangement, typically through an employer, that provides regular income after retirement.
The employer, employee, or both contribute money during working years, which is then paid out as a steady stream of income in retirement: The company offers a generous pension plan.
Distinguished from retirement accounts like 401(k)s, which accumulate savings without guaranteeing specific payments.
Tax-advantaged retirement savings account
- IRATax-advantaged retirement fund
- superannuationRetirement savings scheme
- annuityPeriodic fixed payment
- defined benefitPredetermined retirement payment arrangement
vesting · retiree · Social Security · golden years · nest egg · retirement age · early retirement · payout
Funds mirroring employee deposits
- employee benefitCompensation beyond wages
- HREmployee management department
- payroll deductionSum subtracted from wages
- employer contributionFirm's share of benefits
automatic enrollment · opt-out · benefits package · human resources · onboarding · compensation package
Collected works or assets
- asset allocationDistributing investments strategically
- diversificationExpanding into varied areas
- mutual fundsCollectively managed securities portfolios
- stocksOwnership stakes or inventory
bonds · securities · fund manager · capital growth · equity · contribution · tax-deferred · compound interest
401(k)
Tax-advantaged retirement savings account
- IRATax-advantaged retirement fund
- superannuationRetirement savings scheme
- annuityPeriodic fixed payment
defined benefit · vesting · retiree · Social Security · golden years · nest egg · retirement age · early retirement · payout · beneficiary
matching contribution
Funds mirroring employee deposits
- employee benefitCompensation beyond wages
- HREmployee management department
- payroll deductionSum subtracted from wages
employer contribution · automatic enrollment · opt-out · benefits package · human resources · onboarding · compensation package
portfolio
Collected works or assets
- asset allocationDistributing investments strategically
- diversificationExpanding into varied areas
- mutual fundsCollectively managed securities portfolios
stocks · bonds · securities · fund manager · capital growth · equity · contribution · tax-deferred · compound interest · index fund
- retirement savingsretirement savings, retirement funds, 403b, retirement account, retirement fund
- retirementretirement, retire, retirement age, retirees, retirement income
- job benefitsbenefits, 401k, medical coverage, medical benefits, dental insurance
- job perkssalary, perks, 401k, benefits, bonuses
- employee benefitshealth insurance, 401k, 401(k), retirement, vacation
- employment termslabor contract, salary, employment terms, internship, contract terms
pension planSocial Security
Federal old-age insurance program
welfare · government assistance · public assistance · means-tested benefits · individual retirement account
pension planliquid assets
Easily convertible wealth
cash on hand · disposable income · checking account · petty cash
pension planliving paycheck to paycheck
Earning only enough for immediate expenses
plan, planning, pension, pensions, pensioner, pensioners, pensioning, pensionable