benefit offset - definition in the Business English Dictionary - Cambridge Dictionaries Online

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English definition of “benefit offset”

benefit offset

noun [C]
 
 
US FINANCE
a reduction in the amount of payments someone receives from their pension plan because they owe the plan money or because they are receiving payments from another plan: A benefit offset can occur when the beneficiary also has another source of benefits that must be taken into account.
(Definition of benefit offset from the Cambridge Business English Dictionary © Cambridge University Press)
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