An agreement issued along with a conditional premium receipt that provides temporary life insurance coverage as of the date the insurer approves the proposed insured as a standard risk. See also insur [..]

For collectively bargained single employer plans, the bargaining agreement's grievance and arbitration procedure may double as a claims procedure.

Several definitions: 1) Allowance paid to compensate expatriate employees for medium-term cultural and hardship factors present in his or her country of assignment as compared to the base country. (Th [..]

These are standard survey formats used across geographic boundaries so that consistent reporting can illustrate the same jobs and their different pay in various geographic areas.

Arithmetic Mean (as defined by the U.S. DOL) is the rate of wages to be determined, to the extent feasible, by adding the wages paid to workers similarly employed in the area of intended employment an [..]

An early method of funding life insurance where members of the plan were charged in advance for the amount of money that the administrators estimated would be needed to pay each year's death clai [..]

Geographic, Salary, Benefit, Relocation and Executive Compensation software and databases designed to assist the compensation and benefits analyst and manager with his/her research.

An asset is anything of value that is owned by an organization or an individual. Examples are cash, computer equipment, and investments. Assets can be any percentage of real property or of personal pr [..]

The periodic review of the actions of the asset manager(s) who are investing a qualified pension plan's assets. The plan administrators of such plans have a fiduciary responsibility to conduct th [..]

A transaction whereby the purchaser only acquires title to certain identified assets and or liabilities of the seller, with no obligation for any non-identified liabilities or assets. (A buyer may, fo [..]