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top hat plan

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

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