Elective Deferral Contribution

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Definition: Elective Deferral Contribution

Elective Deferral Contribution
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Full Definition of Elective Deferral Contribution

A type of retirement plan contribution method whereby the participants in the plan are able to use a portion of their pre-tax income to deposit into the plan. Can also be referred to as salary deferral or as salary reduction contributions.

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Modern Language Association (MLA):
Elective Deferral Contribution. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
April 20, 2024 https://payrollheaven.com/define/elective-deferral-contribution/.
Chicago Manual of Style (CMS):
Elective Deferral Contribution. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/elective-deferral-contribution/ (accessed: April 20, 2024).
American Psychological Association (APA):
Elective Deferral Contribution. PayrollHeaven.com. Retrieved April 20, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/elective-deferral-contribution/

Definition Sources

Definitions for Elective Deferral Contribution are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.