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 ?
San Fernando benefiting First Lutheran Church and School.
North Hills benefiting Parthenia Elementary School.
Thus, the plan is first restructured into rate groups, each of which is tested as though it were a separate plan currently benefiting the group of employees included in the rate group.
401(k) or 401(m) plan, an employee stock ownership plan, or a plan benefiting collectively bargained employers or employees in a separate line of business in accordance with Sec.