Compensation Glossary

# A B C D E F G H I J K L M N O P Q R S T U V W - Z

Immediate Participation Guarantee Contract (IPG)

A group insurance contract under which the employer's unallocated account is credited with its share of actual investment income for the year. There is generally no guarantee of principal or a minimum rate of interest. Annuity payments are charged directly against the account as they are paid.
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