Private pension plans are an important source of retirement income for engineers in the U.S. Although resources such as Government-sponsored Social Security, personal savings, and investments are widely available, the income they provide is often inadequate unless supplemented by a private pension plan. Such private plans are motivated by the individual's need for personal security as well as competitive and social pressures on companies and other groups. However, the operational driving force behind most of them lies in tax advantages offered by the U.S. Internal Revenue Service (IRS). In fact, such plans usually offer little of special value to employers or employees unless they have been qualified by the IRS, for such qualification brings highly significant tax advantages.

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  • Corporate Authors:

    Institute of Electrical and Electronics Engineers (IEEE)

    3 Park Avenue, 17th Floor
    New York, NY  United States  10016-5997
  • Authors:
    • Backe, R J
    • Cummings, F
  • Publication Date: 1973-6

Media Info

  • Pagination: p. 59
  • Serial:
    • IEEE Spectrum
    • Volume: 10
    • Issue Number: 6
    • Publisher: Institute of Electrical and Electronics Engineers (IEEE)
    • ISSN: 0018-9235

Subject/Index Terms

Filing Info

  • Accession Number: 00046891
  • Record Type: Publication
  • Source Agency: IEEE Spectrum
  • Files: TRIS
  • Created Date: Nov 14 1974 12:00AM