BNET Business Dictionary
Business Definition for: Benefit
- something that improves the profitability or efficiency of an organization or reduces its risk, or any nonmonetary reward given to employees, for example, paid vacations or employer contributions to pensions
Wiktionary Definition for: Benefit
- An advantage, help or aid.
- A payment made in accordance with an insurance policy or a public assistance scheme.
- A performance, etc, given to raise funds for some cause.
- transitive To be a benefit (to someone).
- intransitive To be a benefit.
Additional Resources
- Performing a Cost/Benefit Analysis
- When you've put a lot of time and effort into developing an idea for a new project or initiative, you may be eager to get it approved and underway. Before you can get started, though, you must convince the decision-makers the project is worthwhile by determining its economic viability—which you...
- Articles 2007-10-29
- Benefit Informatics Signs Benefit Administrative Systems; Benefit Plan Services Include Benefit Analyzer and Benefit Manager
- TULSA, Okla. -- Benefit Informatics Inc. announced today that it has signed a multi-year agreement for benefit plan services and technology with Illinois-based Benefit Administrative Systems LLC. Benefit Administrative Systems, a third-party administrator of health benefits with more than 50,000 employee lives under coverage, selected Benefit Informatics to help...
- Research articles 2004-09-09
- Employee Benefit Research Institute: Latest Pension Benefit Guaranty Corp. Pension Report Uses Old Data, Misses New Pension Freezes
- WASHINGTON, Dec. 21 /U.S. Newswire/ -- Earlier today, the Pension Benefit Guaranty Corporation PBGC released a study demonstrating that 9.4 percent of defined benefit plans had "halted participants' benefit accruals" as of 2003. WASHINGTON, Dec. 21 /U.S. Newswire/ -- Earlier today, the Pension Benefit Guaranty Corporation PBGC released a study...
- Research articles 2005-12-21
- [C] Profiles of the Top 200 Pension Funds.(The P&I 1,000)(alphabetical listing includes California Public Employees' Retirement System through Cook County Employees' Annuity & Benefit Fund)(Illustration)
- California Public Employees' Retirement System ($ millions) Total assets 128,678 Defined benefit 128,461 Defined contribution 217 DEFINED BENEFIT PLAN: Employer DB contributions 322 Benefit payments 5,793 ...
- Research articles 2003-01-20
- Employee benefit execs ; grade benefits reporting.(Harris Interactive Inc. report)(Brief Article)(Statistical Data Included)
- The media are neither fair nor accurate when it comes to covering employee benefit issues, according to a new survey of benefit managers. Sixty-one percent of 200 benefit managers surveyed by pollsters Harris Interactive Inc. of New York for the Am The media are...
- Research articles 2000-10-02
- Benefit offerings must fit corporate goals; Society for Human Resource Management Conference.(Brief Article)(Industry Overview)
- PHILADELPHIA-As health care costs increase, benefit managers need to review their benefit offerings to ensure they continue to meet corporate goals, a consultant says. Benefit managers need to ``take a look at the big picture,'' and assess whether PHILADELPHIA-As health care costs increase,...
- Research articles 2002-07-08
- Lincoln Benefit Life offers 8% GMWB.(guaranteed withdrawal benefit)(Lincoln Benefit Life Co.)(Brief Article)
- Lincoln Benefit Life Co., part of the Allstate group, has updated its Consultant Solutions Flexible Premium Deferred Variable Annuity Product Suite. Among improvements is the SureIncome Withdrawal Benefit Option, which allows contract owners to acces Lincoln Benefit Life Co., part of the Allstate group, has updated...
- Research articles 2005-09-01
- Health Benefit Providers - Industry Snapshot
- Mike Havrilla submits:Health Benefit Providers: 33-Company Index Stats Health Benefit Providers: Top 5 Companies by Market CapHealth Benefit Providers: Top 5 Companies by Revenue The accompanying tables provide a snapshot of my 33-company Health Benefit Providers Index, which includes all types of pharmacy services (retail, mail order, institutional), pharmacy benefit managers,...
- External links 2008-08-15
- Delta Dental of Missouri Introduces New MAXAdvantage Benefit Option to Extend the Maximum Benefit Amount and Encourage Preventive Care
- ST. LOUIS -- Delta Dental of Missouri Delta Dental, the largest dental benefits provider in Missouri, today announced the introduction of its new MAXAdvantageSM benefit option that effectively extends the amount of treatment covered under the plan year maximum benefit amount (the dollar value limit of coverage for each member...
- Research articles 2008-02-14
- Post-Employment Benefits, Economics and Accounting: Moral Hazard and Frail Benefit Designs
- This paper uses economic principles to analyze alternative definitions for end-of-period liabilities under post-employment benefit plans; the candidates, using U.S. nomenclature, are the vested benefit obligation VBO, the accumulated benefit obligation ABO and the projected benefit obligation PBO. In competitive employment markets with rational contracting it is not possible to...
- White papers 2004-11-19
- Highlights of a GAO Forum: The Future of the Defined Benefit System and the Pension Benefit Guaranty Corporation
- Employer-sponsored defined benefit pension plans face unprecedented challenges in the midst of significant changes in the nation's retirement landscape. Many defined benefit plans and the federal agency that insures them, the Pension Benefit Guaranty Corporation PBGC, have accumulated large and growing deficits that threaten their survival. Meanwhile, the percentage of...
- White papers 2005-06-01
- Benefit pros call PBGC underfunded list 'gimmick.' (Pension Benefit Guaranty Corp.)
- WASHINGTON -- Benefit professionals are criticizing a list of the "Top 50" underfunded pension plans released by the Pension Benefit Guaranty Association as a "gimmick which unintentionally but unnecessarily scares our nation's retire WASHINGTON -- Benefit professionals are criticizing a list of the "Top...
- Research articles 1997-01-06
- Continental, Abbott, BAE reveal plan contributions.(News)(Continental Airlines Inc plans to contribute to its defined benefit plans)(Abbott Laboratories plans to contribute to its defined benefit plans)(BAE Systems plans to contribute to its defined benef
- Three pension plan sponsors have announced contributions for their defined benefit plans. * Continental Airlines Inc., Houston, plans to contribute $258 million to its defined benefit plans in 2006, according to its annual report filed Feb. 23 wit Three pension plan sponsors have...
- Research articles 2006-03-06
- Suits hit Mutual Benefit and three rating agencies. (Mutual Benefit Life, A.M. Best, Moody's Investors Service, Standard and Poor's )
- Suits Hit Mutual Benefit And Three Rating Agencies Lawsuits in both federal and state courts have been filed against Mutual Benefit Life's officers and board of directors, as well as rating agencies and the insurer's auditor. A class action suit wSuits Hit...
- Research articles 1991-08-12
- Benefit consultants jump on consolidation bandwagon. (top employee benefit story for 1997)
- The urge to merge and acquire, which has swept across industry after industry, hit the employee benefit consulting business in 1997. During the first three months of the year, six of the 10 largest benefit consulting firms initiated or completed major The urge to merge and acquire,...
- Research articles 1997-12-22
- Employee Benefit News Canada Completes Initial ABC Certification; Third-Party Verification Represents Highest Level of Commitment to Serving Canadian Benefit Professionals.
- TORONTO, Sep 14, 2006 CCNMatthews via COMTEX -- Employee Benefit News Canada, a SourceMedia publication reaching Canadian benefit decision-makers on both sides of the border, announced today that it has successfully completed the Audit Bureau of Ci TORONTO, Sep 14, 2006 CCNMatthews via COMTEX -- Employee...
- Research articles 2006-09-14
- The Cost-Benefit State: The Future of Regulatory Protection. (Books and References: Cost-Benefit).
- The American Bar Association (Chicago, IL) has published The Cost-Benefit State: The Future of Regulatory Protection, a new guide that includes information on trends in cost-benefit analysis CBA, how courts are responding in contested cases, and th The American Bar Association (Chicago, IL) has published The...
- Research articles 2002-04-30
- Thomson Financial's (New York) Employee Benefit News is now producing Employee Benefit Advisor, a free e-newsletter targeted to professionals employed in benefits distribution.(related news in brief ...)
- Thomson Financial's New York Employee Benefit News is now producing Employee Benefit Advisor, a free e-newsletter targeted to ... Thomson Financial's New York Employee Benefit News is now producing Employee Benefit Advisor, a free e-newsletter targeted to professionals employed in benefits distribution. The title covers...
- Research articles 2003-05-31
- Lincoln Benefit Life Company, an Allstate Company, to Cease Issuing New Lincoln Benefit Life Branded Long-Term Care Insurance Policies
- NORTHBROOK, Ill. -- Lincoln Benefit Life Company, an Allstate Company, has decided to no longer issue new Lincoln Benefit Life branded long-term care insurance policies, effective October 31, 2005. Customers who have existing long-term care insurance policies with Lincoln Benefit Life Company will not be affected. They will continue to...
- Research articles 2005-07-18
- Retirement Planning Dominates Employee Benefit Concerns for 1999
- SEATTLE--BUSINESS WIRE--Nov. 4, 1998-- The International Society of Certified Employee Benefit Specialists and Deloitte & Touche LLP Announce Results of National Employee Benefit Survey Retirement planning issues are the dominant concerns of employees and employee benefit professionals for 1999, according to a nationwide survey released by...
- Research articles 1998-11-04
