accrual

(redirected from Accrued benefits)
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Related to Accrued benefits: Accrual Rate

accrual

A term of art referring to the number of patients in a study or clinical trial.

accrual,

n continually recurring short-term liabilities. Examples are accrued wages, taxes, and interest.
References in periodicals archive ?
Existing legislation generally does not allow reduction of accrued benefits outside of the multi-employer unionized environment, and a key element of TBPs is the ability to reduce benefits if there are insufficient assets in the plan to fund the targeted benefits.
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.
We have started the consultation process regarding a plan to cease future benefit accruals for employee members of the scheme to safeguard the accrued benefits of all scheme members.
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.
The PPA establishes new funding requirements and limits benefit accruals for certain plans deemed "at risk," which means the accrued benefits under the plan are less than 80 percent funded based on the prior year's assets.
Most importantly, for cash balance or hybrid plans, the accrued benefit may be expressed as an annuity payable at retirement age, the balance of a hypothetical account, or the current value of the cumulative percentage of the employee's final compensation.
If the salary increases of an employee are anticipated to be relatively small, the accrued benefit will increase marginally because of the change in the employee's final average pay during the DROP period.
Replacing a traditional defined-benefit pension plan with a cash-balance plan raises a number of complicated and unsettled legal issues under the Internal Revenue Code (IRC), the Employee Retirement Income Security Act of 1974 (ERISA), and the Age Discrimination in Employment Act (ADEA) These legal issues fall into four primary categories: (1) protection of accrued benefits, (2) rate of benefit accrual, (3) age discrimination, and (4) notice requirements.
With the hospital's deal, nearly 30 employees in the therapy services department will lose seniority, sick time and other accrued benefits, though they will be able to cash out accrued vacation time and holidays.
The bond was placed in the worker's account and its amount was set so that, at retirement, it would be equal to the worker's accrued benefits under the old system.
Accrued benefits will include greater flexibility and increased procurement capability.