Definition for : Provision for employee benefits and pensions

Pension and related commitments include severance payments, early retirement and related payments, special retirement plans, top-up plans providing guaranteed resources and healthcare benefits, life Insurance and similar entitlements that, in some cases, are granted under employment contracts and collective labour agreements.
(See Chapter 7 How to cope with the most complex points in financial accounts of the Vernimmen)
To know more about it, look at what we have already written on this subject