The portion of a participant’s pension benefit that relates to his credited service in a contemporary period, usually 12 months.
The portion of a participant’s pension benefit that relates to his credited service in a contemporary period, usually 12 months.
An insurance policy is said to be voidable where circumstances exist that entitle either one of the parties to “avoid the contract”. It is usually the Insurer who finds himself in this position when there has been a breach of ‘utmost good faith’ by the Insured.