retirement benefit


retirement benefit
Broadly, any benefit received upon retiring from employment, under a formal or informal benefit plan. A benefit payable to a designated beneficiary upon the death of one retired under a retirement plan calling for the payment of amounts periodically by way of pension or retirement money. Re Simpson's Estate, 43 Cal 2d 594, 275 P2d 467, 47 ALR2d 991. See pension; Social Security.

Ballentine's law dictionary. . 1998.

Look at other dictionaries:

  • retirement benefit — noun a monthly payment made to someone who is retired from work • Syn: ↑old age pension, ↑retirement pension, ↑retirement check, ↑retirement fund, ↑superannuation • Hypernyms: ↑pension …   Useful english dictionary

  • funded unapproved retirement benefit scheme — funded unapproved retirement benefit schemes (FURBS) 1) Now known as employer financed retirement benefit schemes (EFRBS), unapproved occupational pension schemes that employers used to set up to provide top up benefits for employees who were… …   Law dictionary

  • funded unapproved retirement benefit schemes — (FURBS) 1) Now known as employer financed retirement benefit schemes (EFRBS), unapproved occupational pension schemes that employers used to set up to provide top up benefits for employees who were caught by the pensions cap. No new FURBS can be… …   Law dictionary

  • unfunded unapproved retirement benefit schemes — (UURBS) Now known as employer financed retirement benefit schemes (EFRBS), unapproved occupational pension schemes that employers used to set up to provide top up benefits for employees who were caught by the pensions cap. No new UURBS can be set …   Law dictionary

  • unfunded unapproved retirement benefit scheme — unfunded unapproved retirement benefit schemes (UURBS) Now known as employer financed retirement benefit schemes (EFRBS), unapproved occupational pension schemes that employers used to set up to provide top up benefits for employees who were… …   Law dictionary

  • employer-financed retirement benefit scheme — (EFRBS) Introduced by the Finance Act 2004, the new term for a funded unapproved retirement benefit scheme (FURBS)or an unfunded unapproved retirement benefit schemes (UURBS) since 6 April 2006. An EFRBS does not count as a …   Law dictionary

  • retirement plans — General term referring to various types of retirement benefit plans provided by employers or established individually by self employed. See individual retirement account (I.R.A.); Keogh plan; money purchase plan, pension plan; retirement annuity …   Black's law dictionary

  • retirement pension — noun a monthly payment made to someone who is retired from work • Syn: ↑old age pension, ↑retirement check, ↑retirement benefit, ↑retirement fund, ↑superannuation • Hypernyms: ↑pension * * * re …   Useful english dictionary

  • retirement check — noun a monthly payment made to someone who is retired from work • Syn: ↑old age pension, ↑retirement pension, ↑retirement benefit, ↑retirement fund, ↑superannuation • Hypernyms: ↑pension …   Useful english dictionary

  • retirement fund — noun a monthly payment made to someone who is retired from work • Syn: ↑old age pension, ↑retirement pension, ↑retirement check, ↑retirement benefit, ↑superannuation • Hypernyms: ↑pension …   Useful english dictionary