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