英语词汇“ordinary life pension trust”的翻译、意思、用法、释义-英汉经管词典

单词	ordinary life pension trust
释义	ordinary life pension trust Definition A pension plan that gets funding from a trust. This type of pension plan provides death benefits for participating employees through life insurance contracts that are purchased for them. The trust will pay the premium amount on the life insurance policy until the employee retires, then uses the paid up insurance policy's value to purchase retirement benefits.
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