Voluntary plan

Voluntary plan

A pension plan supported partially by the employee by pension contributions deducted from each paycheck.

Voluntary Deductible Employee Contribution Plan

An optional, individual plan in which employees join a pension and pay the premiums by having their employer deduct a portion of their paycheck every month or pay period. The employer does not make any contributions to the plan and, as a result, employees may take the plan with them if they change jobs.
References in periodicals archive ?
And if the price of a voluntary plan reflects the health status of an employee, is that an invasion of the privacy of the employees who must pay more?
Bus firms, however, are set to vigorously oppose the move, coming up with what they say is a cheaper, less risky voluntary plan while at the same time threatening legal action if the councils try to take their routes.
The Department of Energy's plan to impose regulations concerning the energy efficiency of set-top boxes would limit technological advances and "sabotage" a voluntary plan among device-makers and major multichannel video programming distributors, the Consumer Electronics Association and National Cable and Telecommunications Association said during a joint press conference.
The judge's order would require FDA to restart a process it began in 1977 but never completed and formally ended in December in advance of announcing the voluntary plan.
Global Banking News-July 20, 2011--Lockheed Martin Announces Voluntary Plan to Reduce Corporate Staff in Continuing Focus on Affordability(C)2011 ENPublishing - http://www.
In addition, the legislation authorizes any employer, with the Secretary's approval, to establish a voluntary plan that is equivalent or better to opt out of participating in the insurance fund.
Spinali said that though it is not common for a restaurant to have a Hazard Analysis Critical Control Plan, a voluntary plan has been in place for years at Legal Sea Foods, which worked with the FDA to develop the plan on which Periwinkles' plan is based.
Clinton intended a mandatory freeze, but her fine print explains that she intends a voluntary plan, worked out with the mortgage industry.
Public schools are around a 60-40 split between the compulsory coverage option and sports coverage combined with a voluntary plan offering.
ITT Corporation Announces Voluntary Plan to Withdraw Securities from Listing on
None of the former agency administrators seemed impressed by the president's voluntary plan to reduce "emissions intensity," a dubious measurement of greenhouse gas emissions relative to the gross do- mestic product.
Tricare Reserve A voluntary plan you may Select (TRS) ** purchase that offers coverage similar to Tricare Standard.

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