Salary Continuation

Posted in Human Resource Terms, Total Reads: 1266
Advertisements

Definition: Salary Continuation

A salary continuation plan is one wherein the employer continues to pay the employee his/her salary in the event of death, disability or retirement of the employee for a specified period of time.

This is usually achieved with the help of a life insurance where the employer himself sometimes becomes the beneficiary and collects the benefits in the event of death and pays it to the employee’s beneficiary.




Looking for Similar Definitions & Concepts, Search Business Concepts