Master pension plan

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Master pension plan

Master Pension Plan

A retirement plan designed by a bank or other financial institution. When creating or updating employee benefits for a company, an employer may look at a master pension plan and adapt it to the company's individual needs. It is also called a prototype plan.
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Pillai wrote to employees last month that according to the audited figures for 2016-17, the board had a loss of Rs18.77 billion (Dh1 billion), and that the board was finding it challenging to contribute its share to the employees' master pension and gratuity trust.
to make an in-kind contribution of approximately $9.1 billion of preferred LLC equity interests in indirect, wholly-owned subsidiary AT&T Mobility II LLC to the AT&T Pension Benefit Plan, a defined benefit (DB) plan, assets of which are held in a master pension trust.
Those pension funds -- two General Motors funds and the AT&T Master Pension Trust -- will retain a 52 percent stake in the Realty Group.

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