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.
To find keyword content within a course, select the course link below.
Course | Page Number |
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74 - Trends in Retirement Plans | 13 |
ERI Economic Research Institute is recognized by SHRM to offer Professional Development Credits (PDCs) for the SHRM-CP® or SHRM-SCP®