Benefit Reduction

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Definition: Benefit Reduction

Benefit Reduction
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Full Definition of Benefit Reduction

A scheduled or unscheduled reduction in the amount an insured person, policyholder or retirement plan participant will receive after satisfying the conditions for receiving benefits. Often the benefits are reduced using a multi-tiered approach over a specific time period.

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-reduction/
Modern Language Association (MLA):
Benefit Reduction. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
April 18, 2024 https://payrollheaven.com/define/benefit-reduction/.
Chicago Manual of Style (CMS):
Benefit Reduction. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/benefit-reduction/ (accessed: April 18, 2024).
American Psychological Association (APA):
Benefit Reduction. PayrollHeaven.com. Retrieved April 18, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/benefit-reduction/

Definition Sources

Definitions for Benefit Reduction 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.