Integrated pension plan

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 ?
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.
Under such circumstances, a nonintegrated pension with an accrual rate of 1 percent, based on final earnings of $100,000, would generate a replacement rate of 30 percent, compared with 34 percent for the integrated pension plan.
SEI's PensionConnect 360(TM) for Multiemployer Plans is an integrated pension plan management solution tailored to meet the unique needs of multiemployer plans.
March 6 /PRNewswire-FirstCall/ -- SEI , a leading provider of asset management services and investment technology solutions, today announced the launch of PensionConnect 360(TM) for Multiemployer Plans - an integrated pension plan management solution tailored to meet the unique needs of multiemployer plans.
a 401(k) alongside an integrated pension plan, Social Security and
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