nonforfeitable
adjective
lawspecialized(alsonon-forfeitable)uk/ˌnɒn.ˈfɔː.fɪ.tə.bəl/us/ˌnɑːn.ˈfɔːr.fɪ.tə.bəl/A nonforfeitablebenefit(= something that anemployeereceivesinadditiontomoney)is one that they will always have therighttoclaim:
Atnormalretirementage, allbenefitspayableunder thispensionplanare nonforfeitable.
Thepensionschemememberhas a nonforfeitablerightto thisportion.
- Theloanmust be less thanhalfthe nonforfeitableaccruedbenefitunder theplan.
- Upon the plan'stermination, therightsof allaffectedemployeestobenefitsaccruedto thedateof suchterminationshall be nonforfeitable.
- They wereentitledto animmediatenon-forfeitableannualpension.
Grants & allowances
- anti-subsidy
- benefit
- benny
- cost-of-living allowance
- dearness allowance
- expense
- fellowship
- fringe benefit
- old age pension
- parachute payments
- pension
- personal allowance
- pin money
- redundancy payment
- scrappage
- stipend
- subsidized
- subsidizer
- unemployment benefit
- weighting
You can also find related words, phrases, and synonyms in the topics:
Retiring & resigning