Salary Continuation

Posted in Human Resources Terms, Total Reads: 2878

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.

Browse the definition and meaning of more terms similar to Salary Continuation. The Management Dictionary covers over 7000 business concepts from 6 categories. This definition and concept has been researched & authored by our Business Concepts Team members.

Search & Explore : Management Dictionary

Share this Page on:
Facebook ShareTweetShare on Linkedin