Definition of "Deferred Compensation Plan"

A type of non-qualified pension plan that provides for salary deferral until retirement, death, disability or a predetermined date.

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e, where investor puts off taking annuity payments from the annuity. Allows investment to grow over time, increasing the value.

An annuity contract where premiums are accumulated with interest and then used to provide periodic payments at a future date.

Regular annuity income payments that start at a specified time in the future, usually a period of years after the annuity was originally purchased.

An annuity contract where consideration is paid in either a single premium or a series of payments and the income benefit is not scheduled to begin until some predetermined date in the future. The scheduled date to begin income benefit payments is greater than one year in the future. Otherwise the annuity would be an immediate annuity.

An annuity in which its contract provides that payments to the annuitant are delayed until certain thresholds have been attained (e.g., when the annuitant attains a certain age)--also called a "deferred payment annuity."