integrated pension plan

integrated pension plan definition - business

integrated pension plan

A retirement plan with benefits that are adjusted downward for Social Security retirement benefits. For example, a retiree's monthly pension check from her employer is reduced by a portion or all of the benefits received from Social Security. Compare nonintegrated pension plan.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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