What Does Employee Pension Benefit Plans Mean?

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What does Employee Pension Benefit Plans mean? Read on to discover the definition & meaning of the term Employee Pension Benefit Plans - to help you better understand the language used in insurance policies.

Employee Pension Benefit Plans

Employee Pension Benefit Plans

Plans created by an employer, a union, or both that provide for retirement income or the deferral of income (e.g., 401(k) plans, "traditional" defined benefit pension plans). These plans are distinguished from employee welfare benefit plans like employer-provided health, life, and disability insurance plans that address the non-income-related aspects of employee benefits.

We hope the you have a better understanding of the meaning of Employee Pension Benefit Plans.

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