pension plan
English Thesaurus
1. a plan for setting aside money to be spent after retirement (noun.cognition)
| hypernym | : | plan, program, programme, |
| definition | : | a series of steps to be carried out or goals to be accomplished (noun.cognition) |
| hyponym | : | 401-k, 401-k plan, |
| definition | : | a retirement savings plan that is funded by employee contributions and (often) matching contributions from the employer; contributions are made from your salary before taxes and the funds grow tax-free until they are withdrawn, at which point they can be converted into an IRA; funds can be transferred if you change employers and you can (to some extent) manage the investments yourself (noun.cognition) |
| hyponym | : | individual retirement account, ira, |
| definition | : | a retirement plan that allows you to contribute a limited yearly sum toward your retirement; taxes on the interest earned in the account are deferred (noun.cognition) |
| hyponym | : | keogh plan, |
| definition | : | a tax-deferred pension plan for employees of unincorporated businesses or for self-employed persons (noun.cognition) |
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