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Automatic escalation

Term · Economic statistics · MLC-T-ECS-000121

Automatic increases in contributions to a defined contribution plan at a predetermined rate over time.

Note: Automatic escalation is a feature in a defined contribution plan, such as a 401(k), that automatically increases an employee’s contribution after a certain time (e.g., a 2-percent increase after each year). Employees may choose to contribute a different percentage.

Table 1. Record
IdentifierMLC-T-ECS-000121
FieldEconomic statistics
ReferencesBLS Glossary
Record as JSON 
{
  "id": "MLC-T-ECS-000121",
  "term": "Automatic escalation",
  "field": "Economic statistics",
  "definition": "Automatic increases in contributions to a defined contribution plan at a predetermined rate over time.\n\nNote: Automatic escalation is a feature in a defined contribution plan, such as a 401(k), that automatically increases an employee’s contribution after a certain time (e.g., a 2-percent increase after each year). Employees may choose to contribute a different percentage.",
  "references": [
    "BLS Glossary"
  ],
  "url": "https://mlchart.com/terminology/economic-statistics/automatic-escalation/"
}

Record 119 of 2,141 in Economic statistics terminology (MLC-0116). Request the full dataset.