Supplemental Executive Retirement Plan (SERP)

Supplemental Executive Retirement Plan (SERP),

Supplemental Executive Retirement Plan (SERP) Definition:

  • The Executive Additional Retirement Plan (SERP) is a set of benefits available to senior executives, in addition to the benefits of a standard corporate retirement plan.

    • SERPs are ineligible retirement plans that are offered to executives as long-term benefits.
    • Unlike 401 (k) or other qualifying schemes, SERPs do not provide direct tax benefits to corporations or executives.
    • When benefits are paid, the company reduces them as operating costs.

Literal Meanings of Supplemental Executive Retirement Plan (SERP)

Supplemental:

Meanings of Supplemental:
  1. It is supplied in addition to what already exists or is available to complement or enrich it.

Sentences of Supplemental
  1. Immediately after the birth of many premature babies. Later supplemental oxygen is required.

Executive:

Meanings of Executive:
  1. Individuals with administrative responsibilities in a corporate organization.

  2. The person or government agency responsible for enforcing policies or laws.

  3. It has the power to run projects, initiatives or laws.

Sentences of Executive
  1. Counter

  2. For example, for good governance, the executive must be accountable to parliament.

  3. An executive president

Synonyms of Executive

head, managerial, directorial, senior manager, chief, senior official, principal, administrative, decision-making, directing, senior administrator, controlling

Retirement:

Meanings of Retirement:
  1. The act or process of quitting and completing work.

  2. Removing the jury from the courtroom to decide the case.

  3. Separation.

Sentences of Retirement
  1. The man will retire

  2. Will complete four years with a one-piece jacket mark Comet los du du Jouriles de Lever retreat delle ،re, avic des Mabelis, du Carbornte, des lumires et de la papierre applications, Moines who need air n'ait dénià Par.

  3. I live alone in Miami

Synonyms of Retirement

stopping work, obscurity, isolation, loneliness, giving up work, stopping working, seclusion, solitude, privacy, retreat

Plan:

Meanings of Plan:
  1. A project or plan (to create or create something)

  2. A detailed map or diagram

Sentences of Plan
  1. They are planning a trip to Egypt

  2. They make gardens

  3. I have no plans to retire

Synonyms of Plan

strategy, chalk out, map out, contrive, fix up, scenario, arrangement, stratagem, draw up a plan of, system, set up, idea, agenda, make a drawing of, line up, game plan, ploy, intention, ambition, draw up a layout of, frame, aim, think out, sketch out, draft