Examlex
Intestacy laws determine the distribution of the property of one who dies without a will.
Health Care Spending Accounts
Accounts that allow employees to set aside pre-tax dollars to pay for eligible health care expenses not covered by their insurance.
Fixed Benefits Plan
A type of employee benefits plan where the benefits provided are predetermined and not based on individual performance or company profitability.
Defined Benefit Plan
A pension plan that guarantees a specified monthly benefit at retirement, which is predetermined by a formula based on the employee's earnings history, tenure of service, and age.
Annual Pension
A financial arrangement that provides individuals with a regular payment during retirement, typically based on years of service and salary history.
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