Employee pension benefit plans

{
  "id": "MLC-T-INS-001292",
  "term": "Employee pension benefit plans",
  "field": "Insurance and risk management",
  "definition": "Retirement programs established by employers to provide income to employees after their working years. These plans can be defined benefit plans, which promise a specific payout, or defined contribution plans, where contributions are specified but the final payout depends on investment performance. They are regulated by the Employee Retirement Income Security Act (ERISA).",
  "url": "https://mlchart.com/terminology/insurance/employee-pension-benefit-plans/"
}