Module 6 Vocab Flashcards
1
Q
Qualified Joint and Survivor Annuity
A
An annuity that pays benefits as long as either the retiree or their spouse continues to live.
2
Q
Salary Reduction Plan (SARSEP)
A
A SEP plan or companies with less than 25 employees that allows employees to make contributions pre-tax.
They can no longer be opened since 1997 but can be contributed to.
3
Q
Summary Plan Description (SPD)
A
A detailed description of benefit plan provisions that must be provided to all plan participants and beneficiaries.
4
Q
A
