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Withdrawal Benefits
(redirected from Withdrawal Credit)

   Also found in: Acronyms 0.01 sec.
Withdrawal Benefits
The right of an employee to contributions made to his/her employer-sponsored retirement plan when he/she leaves an employer. The employee has withdrawal benefits to all his/her own contributions and all interest earned. He/she may have a right to employer contributions, but only if they are vested. See also: Rollover.


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In addition, fiscal 2001 results included a product withdrawal credit of $5,582,000.
Excluding product withdrawal credits, total costs and expenses in the three and nine-month periods ended June 30, 2001 were $3,868,000 and $9,895,000, respectively.
 
 
 
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