Frozen retirement plan

{
  "id": "MLC-T-ECS-000778",
  "term": "Frozen retirement plan",
  "field": "Economic statistics",
  "definition": "Plan that is closed to new enrollees and that limits future accruals of benefits for some or all active participants.\n\nNote: Some plans may no longer allow participants to accrue additional benefits. Others may change the plan’s prospective benefit formula in such a way as to limit or cease future benefit accruals for some active participants. The length of time is calculated on the basis of the year the plan was modified.",
  "references": [
    "BLS Glossary"
  ],
  "url": "https://mlchart.com/terminology/economic-statistics/frozen-retirement-plan/"
}