A method of funding a pension plan in which the sponsor of the plan places the insurance company's assets in a general account. When a participant leaves the company, the insurer retrieves funds from the general account to pay the plan participant an annuity. This contract typically protects the sponsor of the plan against loss and guarantees minimum returns. May be compared with Immediate Participation Guarantee (IPG) Contract.

The Top Machine Learning Skills in Demand in 2026
Read More
Emerging AI Skills in Demand in 2026
Read More
United States and Canada Minimum Wage Updates - July 2026
Read MoreWHITE PAPERS

National Compensation Forecast April 2026
Read More
Compensation Strategies for Remote Work and Organizational Culture – Fall 2025
Read More
Planning Global Compensation Budgets for 2026 - January 2026
Read More
Common Compensation Terms and Formulas - January 2026