MLchartDataset catalogue

Pension

Term · Insurance and risk management · MLC-T-INS-002533

A retirement plan that provides a regular income to employees after they cease working. In a defined benefit plan, the employer guarantees a specific payment amount, calculated based on the employee's salary history and length of service. A defined contribution plan, such as a 401(k), specifies the amount of contributions but does not guarantee a particular payout.

Table 1. Record
IdentifierMLC-T-INS-002533
FieldInsurance and risk management
SubjectManagement Liability
Record as JSON 
{
  "id": "MLC-T-INS-002533",
  "term": "Pension",
  "field": "Insurance and risk management",
  "definition": "A retirement plan that provides a regular income to employees after they cease working. In a defined benefit plan, the employer guarantees a specific payment amount, calculated based on the employee's salary history and length of service. A defined contribution plan, such as a 401(k), specifies the amount of contributions but does not guarantee a particular payout.",
  "subject": "Management Liability",
  "url": "https://mlchart.com/terminology/insurance/pension/"
}

Record 2,536 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.