future service benefit
noun
: a pension benefit based on length of prospective service between employment date and retirement age and payable out of funds contributed by the employer, the employee, or both
Dictionary Entries Near future service benefit
Cite this Entry
“Future service benefit.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/future%20service%20benefit. Accessed 23 Nov. 2024.
Copy CitationLove words? Need even more definitions?
Merriam-Webster unabridged
Share