Meaning of “benefit offset” in the English Dictionary

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"benefit offset" in Business English

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benefit offsetnoun [ C ]


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)