3. Vocabulary - Pension plans and retirement programs What does it mean? The expansion of the Social Security system resulted in an expansion of employer-sponsored pension and retirement plans. In 1948, the National Labor Relations Board ruled that pensions and other types of insurance programs were legitimate subjects for collective bargaining. In response, many employers established new pension plans or liberalized the provisions of existing ones to meet or anticipate union demands. Match the pension plan and retinement program terms on the right with the descriptions of the terms on the left. (Hint: These are not necessarily. complete definitions, but there is only one possible answer for each term.)