Benefit Offset

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Definition: Benefit Offset

Benefit Offset
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Full Definition of Benefit Offset

A partial or complete loss of retirement plan benefits which may result when an employee owes money to his or her plan or receives benefits from another source. The Social Security Act includes a provision for withholding up to 10% of benefits from beneficiaries who owe money to their plan.

Cite Term

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/benefit-offset/
Modern Language Association (MLA):
Benefit Offset. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
April 19, 2024 https://payrollheaven.com/define/benefit-offset/.
Chicago Manual of Style (CMS):
Benefit Offset. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/benefit-offset/ (accessed: April 19, 2024).
American Psychological Association (APA):
Benefit Offset. PayrollHeaven.com. Retrieved April 19, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/benefit-offset/

Definition Sources

Definitions for Benefit Offset are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.