accrual

(redirected from Accrued benefit)
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Related to Accrued benefit: Accrued Benefit Cost Method
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  • noun

Synonyms for accrual

the act of accumulating

References in periodicals archive ?
Alternatively, the plan can distribute a lump sum that satisfies the rule with respect to that payment, while the remaining portion also satisfies a minimum requirement where that portion (expressed as the normal form of benefit at normal retirement age) may not be less than the excess of (1) the participant's total accrued benefit over (2) the annuity payable in that form that is actuarially equivalent to the lump sum payment, determined using the applicable interest rate and mortality table.
In the first approach, a plan could have provided for two separate portions of the accrued benefit that were determined without regard to any election of optional form of benefit and permitted a participant to select different distribution options with respect to each of those portions.
The court recognized that during this period, "the accrued benefit payable at normal retirement age is effectively frozen," and older employees were more likely than younger employees to experience long wear-aways.
participants had opening cash balance account balances that were less than the value of their frozen traditional defined benefit accrued benefits.
The normal cost plus the unfunded accrued benefit obligation to be amortized in the current period equals the annual required contribution of the employer for the period.
The disparity provided under a plan that determines each employee's accrued benefit under the fractional accrual method in IRC Section 411(b)(1)(C) is subject to special uniformity requirements.
2) For purposes of a defined benefit plan, "accrued benefit" is defined as the employee's accrued benefit as determined under the plan and expressed in the form of an annual benefit commencing at normal retirement age.
However, the court pointed out, because his nonforfeitable accrued benefit under the plan was less than $50,000, the section 72(p)(2)(A)(ii) amount of one-half that accrued benefit amount applied.
An alternative would be for employers to report the entire unfunded accrued benefit obligation as a liability on the face of the financial statements, as in the private sector.
A post-heart attack exercise program can lead to fast improvements in blood flow and overall health, but any accrued benefit can be lost within four weeks if the exercise regimen stops.
12, but apparently either a level funding or accrued benefit approach can be used.
A formula would be similar to a lump sum-based formula if "the formula provides that a participant's accrued benefit payable at normal retirement age .
The benefit statement must indicate, on the basis of the latest available information, the participant's or beneficiary's total accrued benefit and the participant's or beneficiary's vested accrued benefit, or indicate the earliest date on which the accrued benefit will become vested.
In the filing, Gannett clarified the definition of change in control, provided for the payment of accrued benefit amounts in a lump sum, provided for an accelerated vesting of retirement benefits, and prohibited a termination or a benefit reducing amendment to its retirement plan.