employee savings plan

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Definitions from WordNet

Noun employee savings plan has 1 sense

employee savings plan - a plan that allows employees to contribute to an investment pool managed the employer
--₁ is a kind of plan, program, programme

Definitions from the Web

Employee Savings Plan

Definition: An employee savings plan is a type of financial program offered by employers that allows employees to save a portion of their salaries for future use, typically for retirement, with potential added benefits or incentives.

Sample Sentences:

John actively participates in the employee savings plan offered by his company, ensuring financial security for his future.
The employee savings plan enables employees to accumulate funds over time, providing them with a safety net during emergencies.
Many employers contribute matching funds to their employees' savings plans, encouraging them to save more diligently.
Sheila's employee savings plan allows her to choose from various investment options, growing her savings through smart financial decisions.

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