Social benefitThe benefit to society as a whole from an event, action, or policy change. Includes externalities and deducts any benefits that are transfers from others, in contrast to private benefit.
Invalidity benefitInvalidity benefit
A former state benefit payable after the expiry of state sickness benefit if a person was still unfit to work. This benefit was replaced by incapacity benefit in April 1995.
Death and superannuation benefitDeath and superannuation benefit
An income tax allowance which can be claimed if certain payments are being made to friendly societies on combined sickness and life insurance policies.The allowance is half of the death benefit part of the premium. Also, relief is obtainable on trade union contributions which relate to superannuation, life insurance or funeral benefits. The allowance is half of the premium. Allowances for superannuation contributions to retirement benefit schemes are usually deducted by the employer before assessing tax on the remaining pay.
Cafeteria employee benefit planCafeteria employee benefit plan
In the US, a plan enabling employees to choose from a variety of benefits, depending on their own particular circumstances. Young employees for example will have different requirements to older employees.
Incapacity benefitIncapacity benefit
A state benefit payable after the expiry of state sickness benefit if a person is still unfit to work. This replaces the former invalidity benefit and as such carries a reduced level of benefit.
Incremental costs and benefitsIncremental costs and benefits
Costs and benefits that would occur if a particular course of action is taken, compared to those that would have obtained if that course of action had not been taken.
Further SuggestionsPrivate benefit
Net benefit to leverage factor
Defined benefit plan
equivalent pension benefit
Equivalent annual benefit
Accumulated Benefit Obligation (ABO)
benefits in kind
Unique Diversification Benefit
Guaranteed death benefit
Pension Benefit Guaranty Corporation (PBGC)
Indirect diversification benefits
guaranteed death benefit
defined benefit pension plan
Pension Benefit Guaranty Corporation
Social Security benefits
final salary scheme (defined benefit scheme)