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top hat plan

top hat plan
 n.— «Many CEOs are at the same time receiving what are known as “supplemental executive retirement pensions,” often called “top hat” plans because they are reserved for a select group of managers who receive monster paychecks.» —“AFL-CIO CEO PayWatch Website Offers Sneak Peak at Top 25 Super-Pensions” in D.C. Yahoo! News Apr. 6, 2006. (source: Double-Tongued Dictionary)

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