What does Accrued Benefits mean?

Accrued Benefits meaning in Finance Dictionary

Benefits gained by a member of staff in respect of his/her pension considering several years of solution with his or her employer.

Accrued Benefits meaning in Law Dictionary

The total retirement on a romantic date whether its open to the employee. They have been regulated on the basis of the rules associated with the retirement program, service date, and salary.

Accrued Benefits meaning in Business Dictionary

complete number of a pension program as on a specified time, whether or not the employee is entitled to get access to it. Accrued benefits are determined relative to the terms of the retirement program, as they are in line with the plan participant's income bundle and period of his / her solution to date.