Definition
Legacy benefits are long-term benefit obligations owed to retired workers.
Why It Matters
They affect government and corporate budgets for decades.
Example
Pension and retiree healthcare benefits.
Malone Global University
Malone Global University
Economics Glossary – Malone Global University
Legacy benefits are long-term benefit obligations owed to retired workers.
They affect government and corporate budgets for decades.
Pension and retiree healthcare benefits.