Benefit Offset

Benefit Offset
A reduction in the amount of benefit payments received by a member of a retirement plan which may result when the member owes money to the plan.



A benefit offset is intended to adjust the retirement benefits the plan member receives, given the overdue contributions the member should have paid in the past. Essentially, the overdue contributions owed by the member are deducted from his or her retirement payments to ensure they are paid to the plan. This type of offset can also occur if the member is receiving retirement benefits from sources other than the plan. The U.S. Social Security Act provides for the withholding of up to 10% of a plan member's benefits to compensate for funds owed to the plan.


Investment dictionary. . 2012.

Игры ⚽ Нужен реферат?

Look at other dictionaries:

  • benefit offset — UK US 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… …   Financial and business terms

  • Offset agreement — Defense offset agreements are legal trade practices in the aerospace and military industries. These commercial practices do not need state regulations but, since the purchasers are mostly military departments of sovereign nations comparable to… …   Wikipedia

  • Offset Mortgage — A type of mortgage that involves blending a traditional mortgage with one or more deposit accounts; the savings balance(s) held in the latter can be used to offset the mortgage balance. Both the account and the loan are held at the same banking… …   Investment dictionary

  • Carbon offset — Part of a series on Green economics Concepts …   Wikipedia

  • negative offset steering — A steering system which indicates the placement of the wheels. From the back of the vehicle, it appears as though the tires are tucked in where they contact the road. Although this system may appear strange, it actually does provide the benefit… …   Dictionary of automotive terms

  • Economic Affairs — ▪ 2006 Introduction In 2005 rising U.S. deficits, tight monetary policies, and higher oil prices triggered by hurricane damage in the Gulf of Mexico were moderating influences on the world economy and on U.S. stock markets, but some other… …   Universalium

  • United States — a republic in the N Western Hemisphere comprising 48 conterminous states, the District of Columbia, and Alaska in North America, and Hawaii in the N Pacific. 267,954,767; conterminous United States, 3,022,387 sq. mi. (7,827,982 sq. km); with… …   Universalium

  • Business and Industry Review — ▪ 1999 Introduction Overview        Annual Average Rates of Growth of Manufacturing Output, 1980 97, Table Pattern of Output, 1994 97, Table Index Numbers of Production, Employment, and Productivity in Manufacturing Industries, Table (For Annual… …   Universalium

  • Social Security (United States) — This article is about the retirement/disability program. For the general concept of providing welfare, see Social security. For other uses, see Social Security (disambiguation) …   Wikipedia

  • Carbon sink — A carbon sink is reservoir of carbon that accumulates and stores carbon for an indefinite period. The main natural sinks are: # Absorption of carbon dioxide by the oceans # Photosynthesis by plants and algae The process by which carbon sinks… …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”