- accrued benefits
- Benefits due under a defined-benefit pension scheme in respect of service up to a given time. Accrued benefits may be calculated in relation to current earnings or protected final earnings. Statement of Standard Accounting Practice 24 and Financial Reporting Standard 17, Retirement Benefits, contain regulations on accounting for pension costs in financial accounts. From January 2005 listed companies have to comply with International Accounting Standard 19, Employee Benefits.
Big dictionary of business and management. 2014.
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accrued benefits — Benefits due under a defined benefit pension scheme in respect of service up to a given time. Accrued benefits may be calculated in relation to current earnings or protected final earnings. Statement of Standard Accounting Practice 24 and… … Accounting dictionary
Accrued Benefits — Coverage earned by an employee on a pension plan, based on years of service with an employer. Accrued benefits may include vacation, sick or personal time off, or other related benefits. Employees who are laid off, retire or are fired must… … Investment dictionary
accrued benefits — The pension benefits earned by an employee according to the years of the employee s service. Bloomberg Financial Dictionary * * * accrued benefits UK US noun [plural] HR ► the money that an employer owes to an employee as a pension, which is… … Financial and business terms
accrued benefits method — An actuarial method used in accounting for pension costs in which the actuarial value of liabilities relates at a given date to: • the benefits, including future increases promised by the rules, for current and deferred pensioners and their… … Accounting dictionary
accrued benefits method — An actuarial method used in accounting for pension costs in which the actuarial value of liabilities relates at a given date to: • the benefits, including future increases promised by the rules, for the current and deferred pensioners and their… … Big dictionary of business and management
Accrued Monthly Benefit — The earned pension benefit that will be paid to an employee at regular retirement age. The accrued monthly benefit is based on the employee s years of service through the accrual date, and is paid to pension holders each month following… … Investment dictionary
post-retirement benefits — Benefits provided by an employer to employees who have retired. For example, some employers provide health care and other benefits in addition to pensions, particularly in the USA. In the USA, Statement of Financial Accounting Standards 106… … Accounting dictionary
Portable Benefits — Benefits that have been paid into or accrued in an employer sponsored plan and that can be transferred to a new employer s plan or to an individual who is leaving the workforce. Applies to benefits from health plans, retirement plans and most… … Investment dictionary
Retirement Insurance Benefits — (abbreviated RIB [ [http://www.ssa.gov/glossary.htm#R http://www.ssa.gov/glossary.htm#R] ] ) or Old age Insurance Benefits [ [http://www.ssa.gov/OP Home/ssact/title02/0202.htm Social Security Act Title II § 202] ] are a form of social insurance… … Wikipedia
Employee Retirement Income Security Act — The Employee Retirement Income Security Act of 1974 (ERISA) (USStatute|93|406|88|829|1974|09|02) is an American federal statute that establishes minimum standards for pension plans in private industry and provides for extensive rules on the… … Wikipedia