What does annual benefit statement mean?

annual benefit statement meaning in Law Dictionary

The summary of a workers pension plan for the entire year. AKA yearly green term plan.

annual benefit statement meaning in Business Dictionary

Document issued because of the entity handling a pension or pension intend to the plan's individuals. Among various other items of information, it notifies the participant of his or her condition when you look at the plan, accumulated contributions such as the interest, and also the expected value of the master plan as at the declaration time.