The Social Security and Pension Plans Disclosure Act (WPPDA) was a piece of US legislation in effect from the 1950s to the 1970s that regulated employee benefits and retirement plans.
Annuities are insurance financial products that can be structured to pay the policyholder for a specified period of time or for as long as the insured and his spouse are alive.
A life annuity is an insurance financial product under which a person is paid monthly, quarterly, semi-annual or annual payments throughout his life, starting from a specified age.
Pension plan withdrawal credit refers to the portion of an employee’s pension assets in a qualified pension plan that the employee is entitled to withdraw upon termination of employment.