Benefits

Department of Veterans Affairs (VA)
The Department of Veterans Affairs, formerly known as the Veterans Administration, is a government agency that provides various services to discharged servicemembers, including healthcare, benefits, and loans.
Directors' Remuneration (Directors' Emoluments)
Directors' remuneration, also known as directors' emoluments, refers to all forms of compensation directors receive from their office or employment. This includes salaries, fees, wages, perquisites, and other profits, as well as expenses and benefits paid or provided by the employer.
Early-Retirement Benefits
Early-retirement benefits are benefits a person is entitled to when retiring before the formal retirement age. Early retirement is increasingly common in the United States.
Employee Contributions
Employee contributions refer to the workers' premiums or payments toward a contributory employee benefit plan. These contributions are often made to plans such as health insurance, retirement funds, and other employer-sponsored benefits.
Entitlement Program
A government program that requires payment to anyone who meets specific qualifications, ensuring those who qualify are entitled to the payments. Examples include Social Security, Medicare, and food stamps.
Higher-Paid Employees
A detailed explanation of the classification of higher-paid employees under UK tax law, encompassing remuneration, benefits, and reimbursed expenses.
Pension Scheme
A pension scheme is an arrangement designed to provide a defined class of individuals, known as members, with retirement pensions and often other benefits. It may also extend benefits to dependants of deceased members.
Product Advertising
Product advertising is targeted specifically at promoting individual products or services, highlighting their features, benefits, and performance to attract customers and drive sales.
SSP
An abbreviation that can refer to either Statutory Sick Pay or State Second Pension, SSP is a term often encountered within UK employment and benefits legislation.
Total Utility
Total utility refers to the cumulative satisfaction or benefit that a consumer derives from consuming a particular quantity of goods or services.

Accounting Terms Lexicon

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