Integrated pension plan

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Integrated Pension Plan

An employer-based pension in which the employer counts the employee's social security benefits as part of the pension, and therefore reduces the pension's benefits by some or all of the employee's social security check. Since 1988, however, employers have been required to pay at least 50% of the pension's defined benefit.

Integrated pension plan.

In an integrated pension plan, your employer counts part of your Social Security benefit in the defined benefit pension you're entitled to and takes that amount out of your income.

You still collect from both sources, but you receive less from your employer than you would if your plan wasn't integrated.

There is some protection, though. By law, an employer using an integrated pension plan can't reduce your private pension by more than 50%.

References in periodicals archive ?
Launched in late 2004, PensionConnect 360 is the industry's first integrated pension model that fully synthesizes an organization's long-term pension strategy with its corporate goals.
As for pension reform, the party is calling for the creation of an integrated pension system.
Pension recipients and providers would benefit greatly from a single, integrated pension market throughout Europe, a trade group reported.
No data have been published on integrated defined-contribution plans, but Bender, using data from the Health and Retirement Study (HRS), shows that approximately 8 percent of workers participating in such plans have an integrated pension.
Because plan sponsors can't rely on traditional asset allocation models to ensure they can meet their liabilities, what is emerging are more integrated pension risk management frameworks that are carefully devised and frequently reviewed.
Total quantity or scope: The scope is for the supply of an integrated pension administration software solution which incorporates pensions administration and payroll,and customer digital services.
The major component of SAP Americas' response to these risks was SEI's PensionConnect 360(TM) -- the industry's first integrated pension solution.
SEI's PensionConnect 360(TM) for Multiemployer Plans is an integrated pension plan management solution tailored to meet the unique needs of multiemployer plans.
Project Content: Guan Hot Spring Park proposed to build pension, health care, rehabilitation and entertainment as one integrated pension base construction project.
A key driver for the institutional sales growth is the continued global adoption of SEI's integrated pension solutions in seven different countries including the United States, Canada, United Kingdom, Netherlands, Germany, Hong Kong and South Africa.
Synhrgy's comprehensive Integrated HR offering combines technology, service delivery and program management to support processes within these functional domains: Integrated Health & Welfare, Integrated Absence Management, Integrated Pension Administration, Integrated Workforce Administration, and Integrated Compensation & Performance Management.
Over the past two quarters, SEI has added seven new multiemployer clients with over $500 million in assets, highlighting the industry's continued adoption of the company's PensionConnect 360(TM) for Multiemployer Plans solution -- an integrated pension plan management model tailored to meet the unique needs of multiemployer plans.
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