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retirement benefit plans
Arrangements whereby an entity provides benefits for its employees on or after termination of service (either in the form of an annual income or as a lump sum) when such benefits, or the employer’s contributions towards them, can be determined or estimated in advance of retirement from the provisions of a document or from the entity’s practices.
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- Part of Speech: noun
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- Blossary:
- Industry/Domain: Financial services
- Category: Accountancy
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