What Does Deferred Compensation Plan Mean?

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What does Deferred Compensation Plan mean? Read on to discover the definition & meaning of the term Deferred Compensation Plan - to help you better understand the language used in insurance policies.

Deferred Compensation Plan

Deferred Compensation Plan

A deferred compensation plan is a plan in which a portion of an employee's income is set aside for a later purpose, usually retirement. The accumulated income will eventually be returned to the employee as a benefit.

We hope the you have a better understanding of the meaning of Deferred Compensation Plan.

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