Integrated Pension Plan

DEFINITION of 'Integrated Pension Plan'

A pension plan that is tied to an individual's Social Security payments to determine the total benefit that the plan participant should receive.

The actual amount sent to the recipient in a defined benefit integrated pension may be reduced by a dollar amount equal to all or a percentage of the person's annual Social Security payment.

BREAKING DOWN 'Integrated Pension Plan'

Some integrated plans have a specified total benefit in mind, and look for Social Security and pension funds to combine toward meeting that goal. In most cases, the pension amount can only be cut a maximum of 50%.

RELATED TERMS
  1. Plan Participant

    A plan participant either contributes into a pension plan or ...
  2. Fully Funded

    A pension plan that has sufficient assets needed to provide for ...
  3. Pensionable Service

    The period of service, expressed in a yearly figure, for which ...
  4. Pension Option

    A set of options that a pensioner has in regard to the handling ...
  5. Pension Fund

    A fund established by an employer to facilitate and organize ...
  6. Current Service Benefit

    The amount of pension benefit accrued by an employee who had ...
Related Articles
  1. Retirement

    7 Signs Your Pension Fund Is In Trouble

    Even if you're lucky enough to have a pension plan, you can't assume it'll pay out.
  2. Financial Advisor

    How to Advise Clients with Frozen Pensions

    Financial advisors are on the front line in advising clients impacted by a frozen pension. Here's what they need to consider.
  3. Financial Advisor

    Pension Advances: What You Should Be Wary Of

    The terms some pension advance firms require can be costly. Here's how to be sure your clients aren't making bad decisions.
  4. Retirement

    What are Pension Funds?

    A pension fund is a company-sponsored fund that provides income for employees in retirement.
  5. Retirement

    Can You Count On Your Pension?

    We look at how to determine the health of your company's pension plan, and what to do if things are looking grim.
  6. Retirement

    How To Evaluate Pension Risk By Analyzing Annual Costs

    Learn how to assess whether a company's pension plan is posing more risks than what the footnotes indicate.
  7. Retirement

    Florida's Surprisingly Flexible State Retirement System

    Retired Florida employees can choose a 401(k)-style investment plan or a traditional pension.
  8. Investing

    Financial Statements: Pension Plans

    By David Harper (Contact David)Following from the preceding section focusing on long-term liabilities, this section focuses on a special long-term liability, the pension fund. For many companies, ...
  9. Financial Advisor

    Are Cash Balance Pensions the Best for Small Biz?

    Are cash balance pensions the right solution for your small business clients? Here's why they may or may not work for your firm.
  10. Retirement

    The 5 Countries With The Best Retirement Plans

    Which 5 Countries offer the best retirement plans to their citizens? They're not all in Europe.
RELATED FAQS
  1. Are my Social Security Benefits reduced if I receive extra pensions from different ...

    Understand the effect collecting a pension can have on your Social Security benefits, depending on whether you were employed ... Read Answer >>
  2. How will 2 pensions, one military and one civilian, affect social security benefits?

    My husband will be 50 this year and will be official Read Answer >>
  3. How are Pay As You Go pension plan benefits taxed?

    Discover how the IRS treats pay-as-you-go pension plan benefits that are received as income in retirement, both for Social ... Read Answer >>
  4. Can I get both military and Social Security benefits?

    Learn how it's possible to receive both Social Security benefits and a military pension in retirement, and how retirement ... Read Answer >>
  5. How do pay-as-you-go pension plans work?

    Learn what a pay-as-you-go pension plan is and how it is different from fully funded pension plans. Understand how public ... Read Answer >>
  6. Can I receive his full pension and Social Security at the same time?

    My spouse died at age 63 from his disability. I am 60 years old. He took his pension early. Can I receive his full pension ... Read Answer >>
Hot Definitions
  1. European Union - EU

    A group of European countries that participates in the world economy as one economic unit and operates under one official ...
  2. Sell-Off

    The rapid selling of securities, such as stocks, bonds and commodities. The increase in supply leads to a decline in the ...
  3. Brazil, Russia, India And China - BRIC

    An acronym for the economies of Brazil, Russia, India and China combined. It has been speculated that by 2050 these four ...
  4. Brexit

    The Brexit, an abbreviation of "British exit" that mirrors the term Grexit, refers to the possibility of Britain's withdrawal ...
  5. Underweight

    1. A situation where a portfolio does not hold a sufficient amount of a particular security when compared to the security's ...
  6. Russell 3000 Index

    A market capitalization weighted equity index maintained by the Russell Investment Group that seeks to be a benchmark of ...
Trading Center