TERMIUM Plus®

The Government of Canada’s terminology and linguistic data bank.

level income option [1 record]

Filter results by subject field Alphabetical list of terms

Filter results by subject field

Alphabetical list of terms

Record 1 2011-10-03

English

Subject field(s)
  • Employment Benefits
  • Remuneration (Personnel Management)
CONT

Usually the employee is allowed to elect a level income option (also called notched option) shortly before retirement, under which the pension from the plan is higher until age 65 and lower thereafter, so that the total income from the state and the plan combined is more or less level.

French

Domaine(s)
  • Avantages sociaux
  • Rémunération (Gestion du personnel)
DEF

Option en vertu de laquelle peuvent être servies au salarié qui prend sa retraite avant d'avoir droit aux prestations du régime général, d'abord une rente plus élevée que celle normalement prévue au titre du régime privé, puis une rente moindre à compter de l'âge auquel il a droit à la rente du régime général.

OBS

option d'égalisation; option d'égalisation des ressources viagères : Termes et définition recommandés par l'OLF.

Spanish

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TERMIUM Plus®, the Government of Canada's terminology and linguistic data bank
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