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Accrued Benefits |
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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. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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