Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
nonqualified pension plan
A deferredcompensation plan in which an executive increases retirement benefits by annual additional contributions to the company's basic plan.
qualified pension plan
A pension plan that complies with federal law (ERISA) and thus allows the employee to receive tax benefits for contributions and tax-deferred investment growth.
qualified pension plan.
See PENSION PLAN.