areductionin theamountofpaymentssomeonereceivesfromtheirpensionplanbecause theyowetheplanmoneyor because they arereceivingpaymentsfrom anotherplan:Abenefitoffsetcanoccurwhen thebeneficiaryalso has anothersourceofbenefitsthat must be taken intoaccount.(Definition ofbenefit offsetfrom theCambridge Business English Dictionary? Cambridge University Press)
Examplesofbenefit offset
benefit offsetCosts are given in cash terms, and are net of income-relatedbenefitoffsetsavings.From theHansard archiveExample from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0There is a supplementarybenefitoffsetof ￡75 million in the explanatory and financial memorandum.From theHansard archiveExample from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0Thebenefitoffsetwill depend on take-up and other factors, but it is likely to he small relative to the total cost.From theHansard archiveExample from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0Costs are given at 1995–96 prices rounded to the nearest ￡1 million, and are net of housing benefit/council tax benefit offsets.From theHansard archiveExample from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0The cost net of income-related benefit offsets would be around ￡1.1 billion.From theHansard archiveExample from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0Estimates are expressed in cash terms and are net of income-related benefit offsetting savings.From theHansard archiveExample from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0Information on income related benefit offsets is not available.From theHansard archiveExample from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0The costs are given in 1995–96 prices rounded to the nearest ￡1 million, and are net of housing benefit and council tax benefit offsets.From theHansard archiveExample from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.#https://dictionary.cambridge.org//dictionary/english/benefit-offset##
