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2. Defined benefit pension plan - Wikipedia

   en.wikipedia.org/wiki/Defined_benefit_pension_plan

   Defined benefit (DB) pension plan is a type of pension plan in which an employer/sponsor promises a specified pension payment, lump-sum, or combination thereof on retirement that depends on an employee's earnings history, tenure of service and age, rather than depending directly on individual investment returns.

3. Federal Employees Retirement System - Wikipedia

   en.wikipedia.org/wiki/Federal_Employees...

   They made reduced payments to the CSRS (1.3 percent of earnings instead of the usual 7 percent) and contributed their full employee share to Social Security. Employees with more than 5 years of non-military service on December 31, 1986, continued under the dual benefit coverage unless they opted to switch to FERS between July 1, 1986, and ...

4. Employee Retirement Income Security Act of 1974 - Wikipedia

   en.wikipedia.org/wiki/Employee_Retirement_Income...

   ERISA established minimum funding requirements for pension plans, which includes defined benefit plans and money purchase plans but not profit sharing or stock bonus plans. Before the Pension Protection Act of 2006 (PPA), a defined benefit plan maintained a funding standard account , which was charged annually for the cost of benefits earned ...

5. What’s a Defined Benefit Plan? Pros, Cons and How It ... - AOL

   www.aol.com/defined-benefit-plan-pros-cons...

   A defined benefit plan guarantees retirement benefits for an employee. Some of the features include: Some of the features include: Employer sponsored: The employer funds and manages the plan.

6. Public employee pension plans in the United States - Wikipedia

   en.wikipedia.org/wiki/Public_employee_pension...

   These employer contributions to these plans typically vest after some period of time, e.g. 5 years of service. These plans may be defined-benefit or defined-contribution pension plans, but the former have been most widely used by public agencies in the U.S. throughout the late twentieth century. Some local governments do not offer defined ...

7. Pensions in the United States - Wikipedia

   en.wikipedia.org/wiki/Pensions_in_the_United_States

   Pensions can either be qualified or non-qualified under U.S. law. For defined benefit plans, the benefits of a qualified plan are protections under the Employees Retirement Income Security Act and offer tax incentives for contributions made by employers to fund the plans. [20]