Retirement terms starting with C

6 terms

1. Capital Appreciation Any increase in a capital asset's fair market value is called capital appreciation.
2. Cash Equivalents Instruments or investments that are easily turned into cash and are so safe that they are virtually as good as cash.
3. Claims Procedure Act Effective July 1, 2003, The South Carolina Retirement Systems Claims Procedure Act provides remedies available in a dispute or controversy between the…
4. Contingent Beneficiary A contingent beneficiary receives the proceeds of an insurance policy, term-certain annuity, individual retirement account (IRA), employer-sponsored…
5. Correlated Systems SCRS and PORS are correlated systems. If a member has contributions in more than one of these retirement systems, the member’s service credit is…
6. Cost-of-Living Adjustment An adjustment of a salary or a retirement annuity intended to help offset the effects of inflation. Commonly referred to as COLA. COLAs are not guaranteed.