top-hat pension
top-hat pension · top-hat pensions
An unfunded pension maintained by an employer primarily for the purpose of providing…An unfunded pension maintained by an employer primarily for the purpose of providing deferred compensation for a select group of management or highly compensated employees.
Meaning
1 senses(US)An unfunded pension maintained by an employer primarily for the purpose of providing deferred compensation for a select group of management or highly compensated employees.
Origin
From top-hat + pension.From top-hat + pension.
Wiktionary, CC BY-SA 4.0 · source
Forms
plural: top-hat pensions| Singular | top-hat pension |
|---|---|
| Plural | top-hat pensions |
regular