Taft-hartley Pension Plan
Definition of "Taft-hartley pension plan"
Pension plan under which both the contribution (employer and employee if a contributory plan) and the benefit structure are fixed. In order to properly maintain the actuarial equivalent, the benefit structure and the contribution schedule are modified.
Popular Insurance Terms
Actuarial evaluation of the assets of a pension plan according to the fair market value of the assets. ...
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1968 federal legislation that makes it mandatory for lenders to disclose to credit applicants the annual interest percentage rate (APR) and any finance charge. ...
Plan under which an employee authorizes his or her employer to deduct from each paycheck premiums due on an insurance plan. ...
Coverage for an employer in the event of dishonesty of any employee. ...
Table used in calculating minimum non forfeiture values and policy reserves for ordinary life insurance policies. These tables, which give minimum values that must be guaranteed to policy ...
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