Pension plan
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Pension plan is the way a pension, which guarantees a monthly payment to a former employee during retirement, is structured.
Definitions
According to Labor Relations and Collective Bargaining by Michael R. Carrell and Christina Heavrin (10th edition),
- Pension plan. The way a pension, which guarantees a monthly payment to a former employee during retirement, is structured.
Related concepts
- Labor relations. The systematic study of attitudes, motivations, and behaviors which two or more job-market actors assume toward each another.
