salary reduction

salary reduction
/'sæləri rɪˌdʌkʃ(ə)n/ noun
the act of removing money from an employee’s salary to put into a pension plan

Dictionary of banking and finance. 2015.

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  • Salary Reduction Simplified Employee Pension Plan - SARSEP — A plan offered by small companies typically those with fewer than 25 employees that allows employees to make pretax contributions to their Individual Retirement Accounts (IRAs) through salary reduction. Prior to the widespread use of 401(k)s,… …   Investment dictionary

  • Salary Reduction Simplified Employee Pension Plan — ( SARSEP) A low cost, no frills version of a 401( k) employee savings plan available to companies with 25 or fewer employees. It allows employees to make pretax contributions to their IRAs through salary reduction each year. The Small Business… …   Financial and business terms

  • Salary Reduction Contribution — A cash or deferred contribution arrangement of an employer sponsored retirement plan, under which participants can choose to set aside part of their pre tax compensation as a contribution to the plan. This kind of contribution is also called an… …   Investment dictionary

  • salary reduction plan — A plan allowing employees to contribute pre tax income to a tax deferred retirement plan . Bloomberg Financial Dictionary …   Financial and business terms

  • SALARY REDUCTION PLAN OR 401(K) PLAN - план сокращения заработной платы — пенсионный план, в рамках которого из заработной платы работника до налогообложения удерживается определенный процент для инвестирования во взаимные фонды. Равнозначно инвестированию с отсрочкой уплаты налогов …   Глоссарий финансовых и биржевых терминов

  • Salary packaging — (also known as salary sacrifice ) is a term used to refer to the inclusion of fringe benefits in the remuneration package of an employee, in exchange for giving up part of their monetary salary.alary sacrifice in UKThis is commonly used to… …   Wikipedia

  • reduction — n. 1) to take a reduction (in salary) 2) to make a (price) reduction 3) a reduction in (a reduction in salary) 4) a reduction to 5) at a reduction (to sell merchandise at a substantial reduction) * * * [rɪ dʌkʃ(ə)n] a reduction to to make a… …   Combinatory dictionary

  • Salary cap — In professional sports, a salary cap (or wage cap) is a cartel agreement between teams that places a limit on the amount of money that can be spent on player salaries. The limit exists as a per player limit or a total limit for the team s roster …   Wikipedia

  • salary cut — / sæləri kʌt/ noun a sudden reduction in salary …   Dictionary of banking and finance

  • salary — Synonyms and related words: base pay, compensation, dismissal wage, earnings, emolument, escalator clause, escalator plan, fee, financial remuneration, gross income, guaranteed annual wage, hire, income, living wage, minimum wage, net income, pay …   Moby Thesaurus

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