salary reduction plan Hear it!

salary reduction plan Finance Definition
A plan that lets employees put pre-tax wages into a tax-deferred retirement plan. A prime example of this type of plan is a 401(k) plan that allows employees to defer part of their salary into a tax-deferred plan to fund their retirement. Employees are then taxed at the lower salary level.

Browse dictionary entries near salary reduction plan

  1. ‹ salary freeze
  2. ‹ salary, fixed
  3. ‹ salary
  4. ‹ salaried
  5. ‹ salariat
  6. ‹ Salamis
  7. ‹ salami
  8. ‹ salamander
  9. ‹ Salamanca
  10. ‹ salal
  1. salaryman ›
  2. Salazar ›
  3. sale ›
  4. sale and leaseback ›
  5. sale on approval ›
  6. sale or exchange ›
  7. saleable ›
  8. Salem ›
  9. salep ›
  10. saleratus ›