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

Plan Termination

The benefits of a pension plan or profit sharing plan that are ceased voluntarily or due to circumstances. The discontinuation of benefits will cause assets to be distributed to beneficiaries. If the distributions are not equal to the accrued benefits, the Pension Benefit Guarantee Corporation will try to assist with the difference.

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