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accrual
(redirected from Accrued benefit)

   Also found in: Dictionary/thesaurus, Medical, Financial, Wikipedia 0.01 sec.


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Needless to say, that the only people who accrued benefits from this public wealth were the employees of these organisations who enjoyed wages, work conditions and benefits that workers in the private sector could not even dream of.
Under section 72(p)(2), a loan from a qualified retirement plan to a participant is not treated as a taxable distribution under three conditions: (1) The principal amount of the loan, when added to the outstanding balance of any other loans from the same plan, does not exceed the lesser of (a) $50,000 or (b) the greater of one-half of the present value of the nonforfeitable accrued benefit of the employee under the plan or $10,000.
The advice we received from both our actuarial and legal advisers is the Trustee needs to take immediate action to protect the accrued benefits of our scheme members.
 
 
 
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