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Accrued Benefits

   Also found in: Dictionary/thesaurus, Medical, Legal, Wikipedia 0.01 sec.
Accrued benefits
The pension benefits earned by an employee according to the years of the employee's service.

Accrued Benefits
The pension, vacation, or other benefits that an employee earns in the course of a year. This is effectively income that the employee is not paid immediately. For example, an employee may accrue vacation benefits, but rather than receiving a check for the benefits, he continues to be paid his regular salary when he goes on holiday. If the employee is terminated or retires, he must be paid all previously unpaid accrued benefits.


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Needless to say, that the only people who accrued benefits from this public wealth were the employees of these organisations who enjoyed wages, work conditions and benefits that workers in the private sector could not even dream of.
The advice we received from both our actuarial and legal advisers is the Trustee needs to take immediate action to protect the accrued benefits of our scheme members.
declined to discuss whether there were any accrued benefits to which Mr.
 
 
 
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