All firms with five or more staff, that don't have a final salary or money purchase scheme, are legally obliged to offer access to a stakeholder plan.
What does MP stand for?
MP stands for Money Purchase (type of qualified retirement plan)
This definition appears very frequently and is found in the following Acronym Finder categories:
- Business, finance, etc.
See other definitions of MP
We have 205 other meanings of MP in our Acronym Attic
- Mobilization Plan
- Modernization Plan
- Modified Permit
- Modplug (music software)
- Modulation Parameter
- Module Processor
- Modus Ponens
- Moeller-Plesset (perturbation theory - quantum chemistry)
- Monetary Policy
- Monetary Precision
Samples in periodicals archive:
Byline: Nevill Boyd Maunsell The Pensions Regulator should look more closely at money purchase defined contribution pension schemes and do more to see that people contributing to them understand the risks involved, writes Nevill Boyd Maunsell.
Among the possibilities being considered are a ``freezing'' of the final salary scheme - already closed to new members - and a ``hybrid option'' involving part final salary and part money purchase pensions.
94-76,(26) relating to a transfer of assets from a qualified money purchase pension plan to an otherwise qualified profit-sharing or stock bonus plan.
Add a second qualified plan (such as a money purchase plan).
Defined contribution Keoghs come in three flavors: * Money purchase plans are the most restrictive.