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 ?
under a trust or escrow arrangement) for the benefit of the employee, even if the benefited employee had no current actual or constructive access to such assets.
Any attempt to defer more compensation each year for the benefited employee will generally trigger current income tax to the employee, even if the actual or constructive receipt or economic benefit doctrine would not so require.
410(b), a plan may be retroactively amended to increase accruals or allocations for employees who benefited under the plan in the preceding year, or to grant accruals or allocations to employees who did not benefit under the plan during the preceding year.