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 ?
(55) Each HCE benefiting under the SLOB's plan may receive no more than the specified maximum benefit.
The IRS also ruled that even though A would be benefiting by paying the supplemental benefit out of plan assets, the amendment would not be a prohibited transaction under Sec.
* That portion of a plan benefiting employees who have not satisfied the greatest permissible minimum age and service conditions may now be disaggregated for purposes of the ABP test.