Definition: Pension Equity Plan (PEP)

Term: Pension Equity Plan (PEP)

Definition:Few people spend their entire career at one company anymore, so Pension Equity Plans (PEP) offer the guaranteed benefits of a defined benefit plan while expressing benefits in the terms of a current lump sum, which mobile employees can access if and when they leave their employer.

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Course	Page Number
74 - Trends in Retirement Plans	13

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The ERI Distance Learning Center is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: https://www.nasbaregistry.org/

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Pension Equity Plan (PEP)