Definition for : Provision for employee benefits and pensions
GLOSSARY LETTER
Pension and related commitments include severance payments, early retirement and related payments, special retirement plans, top-up plans providing guaranteed resources and healthcare benefits, life Insurance and similar entitlements that, in some cases, are granted under employment contracts and collective labour agreements.
(See Chapter 7 How to cope with the most complex points in financial accounts of the Vernimmen)
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