|
Net Asset Value (NAV) - The dollar value of a single unit fund
share, based on the value of the underlying assets of the fund minus the
liabilities, divided by the number of shares in existence.
Non-Contributory Plan - A plan in which the sponsor makes all
the contributions to the plan. Employees do not or are not required to
make contributions to the fund.
Normal Retirement Age - The age at which an employee may retire
with full or un-reduced pension benefits - usually at age 65. |
