benefit


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Benefit

In annuities, insurance and some government programs, the amount of money one receives under certain, stated circumstances. Benefits commonly refer to periodic payments one begins to receive following retirement, but they may also refer to welfare payments like rental assistance or food stamps. In general, benefits may be fixed at a certain amount (often determined by the amount one has contributed in premiums or taxes) or may vary according to inflation or an underlying investment portfolio.

benefit

see CONSUMER SURPLUS, VALUE CREATED MODEL.
References in periodicals archive ?
One possible solution is to purchase an annuity with a lifetime-withdrawal benefit guarantee at the time Social Security benefits are elected.
Some governments will continue to fund post-employment benefits out of future operating revenues ("pay-as-you-go"), even though the local government is receiving the economic benefit associated with these future cash flows.
Examples of benefits commonly provided as incentives for voluntary terminations include cash payments (one-time or a series), enhancements to defined benefit pension or other postemployment benefit (OPEB) formulas, and healthcare coverage when none otherwise would be provided.
A good example of this type of plan is a single-employer welfare benefit plan (WBP) funded by a trust.
Commissioner (TC Summary Opinion 2005-57), the court considered whether certain workers' compensation benefits were taxable as if they were Social Security benefits.
How well a company communicates the value of its health benefits can do more to retain top-performing employees than the actual richness of the benefits themselves, according to a new analysis by Watson Wyatt, the human capital consulting firm.
The ceremony may have been simple, but--like hundreds of stone-sex couples in Massachusetts--Richard is finding out that a legal marriage still doesn't guarantee gay and lesbian couples the same health benefits as their straight counterparts.
are among several high-profile companies that provide insurance benefits for gay couples.
Pineault says HR professionals need to keep an eye on benefit costs to ensure they stay within reasonable amounts.
Scott Voynich, "The launch of the Employee Benefit Plan Audit Quality Center is intended to provide a forum that spurs CPA firms performing audits to make immediate quality improvements to employee benefit audits under the Employee Retirement Income Security Act, including pension, health and welfare, and 401(k) plans.
Both the House and Senate bills create a new benefit called Medicare Part D on January 1, 2006.