Terms beginning with 'E'
Early Retirement
Retiring at any age below the Plan’s normal retirement age. This may also be due to ill-health.
See also: Normal Retirement Age
Earnings Per Common Share (EPS)
The net income of a company, minus any preferred dividend requirements, divided by the number of outstanding common shares. EPS provides the investor or potential investor with information on the stability of dividends and capital-gains potential. It is considered on of the most important indications of the value of common stock.
Employee
An individual, employed to do work or to provide a service, who is in receipt of or entitled to remuneration for the work or service.
Employer
The person or body with whom the member of a Pension Plan has a contract of employment relevant to that Plan.
Equity or Net Worth
Assets minus liabilities.
Escalation
A system whereby pensions in payment and/or preserved benefits are increased regularly at a fixed or variable percentage rate. The percentage increase applied may be limited to the increase in a specified index. Escalation may be promised and paid for in advance of retirement, or may be granted on a discretionary basis after retirement takes place.
See also: Preserved Benefit
Estate
A person’s total worth as determined by his or her vested interests in property and other assets, exclusive of liabilities.
Eurobond
A bond that may be denominated in dollars or some other currency but must be traded internationally.
Executor
The person appointed to carry out the provisions of a will.
