receive benefits
11Employer Transportation Benefits in the United States — An employer may provide transportation benefits that are tax free up to a certain limit. Under the US Internal Revenue Code section 132(a), the qualified transportation benefits is one of eight types of statutory fringe benefits excluded from… …
12Immigrant benefits urban legend — An urban legend stating that government sponsored refugees receive more monetary support from the government than a country s own pensioners originated in Canada in 2004 and has since spread to other countries, including the United States and… …
13Accelerated Benefits — A clause in certain life insurance policies that enables the policy holder to receive the benefits before death. Accelerated benefits are normally reserved for those that suffer from a terminal illness, have a long term high cost illness, require …
14Withdrawal Benefits — The rights of an employee who has a qualified pension plan to cash out any accumulated benefits upon leaving an employer. Withdrawal benefits under a defined contribution plan may allow the employee to have immediate rights to any contributions,… …
15Pharmaceutical Benefits Scheme — The Pharmaceutical Benefits Scheme or PBS is a program of the Australian Government that provides subsidised prescription drugs to residents of Australia. The PBS ensures that all Australians have affordable and reliable access to a wide range of …
16Fringe Benefits Tax — (FBT) is the taxation of most, but not all fringe benefits, which are generally non cash employee benefits. The rationale behind FBT is that it helps restore equity and fairness to those employees who do not receive such benefits, and allows a… …
17Federal Employees Health Benefits Program — The Federal Employees Health Benefits Program (FEHBP) is a system of managed competition through which employee benefits are provided to full time permanent civilian employees of the United States Government. It allows insurance companies and… …
18Allocated Benefits — A type of payment that comes from a defined benefit retirement plan. Allocated benefits are passed on (allocated) to the plan participants once the insurance company has received its premiums. Allocated benefits provide guaranteed retirement… …
19Other Post-Employment Benefits - OPEB — Post employment benefits that an employee will begin to receive at the start of retirement. This does not include pension benefits paid to the retired employee. Other post employment benefits that a retiree can be compensated for are life… …
20accrued benefits method — An actuarial method used in accounting for pension costs in which the actuarial value of liabilities relates at a given date to: • the benefits, including future increases promised by the rules, for current and deferred pensioners and their… …
