benefit offset
noun[C]
FINANCEUSukusareductionin theamountofpaymentssomeonereceivesfromtheirpensionplanbecause theyowetheplanmoneyor because they arereceivingpaymentsfrom anotherplan:
Abenefitoffsetcanoccurwhen thebeneficiaryalso has anothersourceofbenefitsthat must be taken intoaccount.