Examlex
Most private retirement plans are indexed for inflation and receive preferential tax treatment in the federal tax codes.
Defined Contribution Plan
A type of retirement plan where employees, employers, or both make contributions on a regular basis, but the benefits received at retirement depend on the performance of the investments.
Vested
A status where an employee has earned the right to receive full benefits from an employer's pension or retirement plan, typically after a specified period of service.
Employer
An individual or organization that hires and pays people to work for them.
Employee Assistance Program
A workplace initiative that provides confidential counseling and support services for employees dealing with personal or job-related issues.
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