HomeDefinitionsCompareDebt SalaryThe financial definition for Salary:Regular wages and benefits an employee receives from an employer. Similar MatchesSalary freezeSalary freezeA temporary halt to increases in salary due to financial difficulties experienced by a company. Salary reduction planSalary reduction planA plan allowing employees to contribute pre-tax income to a tax-deferred retirement plan. Salary Reduction Simplified Employee Pension Plan (SARSEP)Salary Reduction Simplified Employee Pension Plan (SARSEP)A low-cost, no-frills version of a 401(k) employee savings plan available to companies with 25 or fewer employees. It allows employees to make pretax contributions to their IRAs through salary reduction each year. The Small Business Job Protection Act of 1996 ../../finance-glossary/d SARSEPs with SIMPLE (Savings Incentive Match Plan for Employees) plans. Existing SARSEPs were allowed to add new participants, but new plans could not be formed after December 31, 1996. Click to compare definitions of Salary Click to view definitions beginning sa |