Pensions

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Pension

A retirement plan in which an employer makes a contribution into an account each month. The contributions are invested on behalf of an employee, who may begin to make withdrawals after retirement. Typically, pensions are tax-deferred, meaning that the employee does not pay taxes on the funds in the pension until he/she begins making withdrawals. Pensions may have defined contributions, defined benefits, or both. See also: 401(k), IRA.
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Pensions

A pension is a definitely determinable series of payments received from an employer-provided plan after the employee retires.
Copyright © 2008 H&R Block. All Rights Reserved. Reproduced with permission from H&R Block Glossary
References in periodicals archive ?
McCain, an Arizona Republican who served in the Vietnam War and was held as a prisoner of warAaAaAeAeAaAeAeA for five years, has long been an outspoken defender of veterans' rights.
Join us as we march onward together, fighting for veterans' rights and benefits.
Chadderton, a dedicated advocate for veterans' rights, leaves a lasting legacy.
It is the same tough nut who, only a few weeks ago, was publicly and thoroughly out-boxed by a woman, the feisty Joanna Lumley, over the Gurkha veterans' rights to become British citizens.
While it is important to recognize such influences, the achievement of Congress and the administration's political objectives should not compromise veterans' rights. Veterans' entitlements have not contributed to the deficit, and spending for veterans' health care has not even kept pace with medical-care inflation.
Representative Lane Evans (D-IIL), a staunch champion of veterans' rights in his 24-year tenure in office, died Nov.
The guest of honour will be Major Bruce Henwood, a double amputee and an active advocate of veterans' rights.
Thurmond has actively advocated veterans' rights for more than 30 years, including two decades of support for the recently successful initiative to elevate the Veterans Administration to Cabinet level.
They see a government department that ended up trading veterans' rights to privacy in order to protect its own self-interest.
That has proven true time and again, especially in fighting for veterans' rights and in supporting programs that benefit injured and ill veterans as well as their families and survivors.

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