Past Service Benefit
Barron's Business Dictionary:
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Past Service Benefit
Private pension plan credit given to an employee’s past service with an employer prior to establishment of a pension plan. Usually, a lower percentage of compensation is credited for benefits for past service than for future service benefits, since the employee’s past compensation is likely to be longer than future compensation after a pension plan has been installed.
| Password, Passport, Passive Investor | |
| Past Service Liability, Patch, Patent |
Barron's Insurance Dictionary:
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Past Service Benefit
Private pension plan credit given for an employee’s past service with an employer prior to establishment of a pension plan. Usually, a lower percentage of compensation is credited for benefits for past service than for future service benefits.
| Past Due Accounts, Passive Retention, Passive Portfolio Management | |
| Past Service Liability, Past Service Liability—initial, Patent Insurance |
