governmental plan

Under ERISA, an employee benefit plan established or maintained for its employees by the federal government, state or local governments, or their agencies or instrumentalities. 29 USCA § 1002(32).

• If a collective-bargaining agreement between a labor union and a governmental entity includes a benefit plan, that plan may be a governmental plan if it is funded by and covers only employees of the governmental entity.

— Also termed governmental employee benefit plan; government plan.

---

词条贡献者

译者Wendy，欧洲知名商学院国际金融专业，擅长翻译各种与私募基金相关的法律文件。