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. |
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Investopedia explains '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%. |
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