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 ?
If you are married or were married, the decision on what benefit to take becomes even more complex.
Those who have reached the age at which they can begin collecting benefits may choose to do so for a variety of reasons, but it is often because they have not been advised that there may be reasons to delay taking benefits.
"We will follow the courts' approach and develop our decisions on public benefit in the context of changing economic and social conditions, including public attitudes." A new Charity Appeals Tribunal will be able to review the commission's decisions, and appeal to the courts will remain open.
By qualifying for the zone benefits, companies have the opportunity to receive sales tax exemptions, real property tax credits, tax reduction credits, wage tax credits and utility savings, among other benefits.
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.
A cash--equivalent fringe benefit (a gift certificate or credit card) is not excludible, even if the same property or service acquired (if provided in kind) would be excludible.
5549, say allowing attorneys to represent veterans would improve access to the VA benefits system and make it faster and easier for claimants to obtain their benefits.
The Department of Labor (DOL) requires all employers with more than 100 eligible benefit plan participants and certain smaller plans to conduct EBP audits.
However, Bush is trying to sell African Americans on the notion that they will be the big winners in his plan to privatize Social Security by stating they will have more wealth and there will be no tax increases or benefit reductions.
Binstock suggested that few Americans remember that "life was miserable for most older people until the 1950s." As a result, they do not connect the "defined benefit" guarantees of Social Security and Medicare with the demonstrably vast improvements in quality of life for the elderly.