What Does Accrued Benefit Cost Method Mean?

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What does Accrued Benefit Cost Method mean? Read on to discover the definition & meaning of the term Accrued Benefit Cost Method - to help you better understand the language used in insurance policies.

Accrued Benefit Cost Method

Accrued Benefit Cost Method

The accrued benefit cost method is an actuarial system of arriving at the amount of money a person gets in the future by way of their retirement plan. It is based on their years of employment and the employee benefits the employee is entitled to each year until the time that they retire.

We hope the you have a better understanding of the meaning of Accrued Benefit Cost Method.

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