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From The Glossary »

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Deferred Compensation:

Deferred compensation is a benefit offered by employers to selected employees in order to promote a settled and contented staff and to induce the company`s employees to remain in the company`s employ for as long as possible. It is constituted by an agreement betwwen the employer and employee, in terms of which the employer undertakes to pay the employee a sum of money at retirement or on the occurence of some other specified event. The vehicle to ...
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