Conversion Factor For Employee Contributions
Inverse of the actuarial present value of a life annuity, taking the employee's life expectancy into account, to commence income payments at the normal retirement age of the employee. It is used in a defined benefit plan to determine the amount of accrued benefits that result from the employee's contributions.
Popular Insurance Terms
Coverage for the employer in the event of a tort committed by an employee in the use of his or her own car while conducting business on behalf of the employer. ...
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