Contract costs for retiree benefits increases in retirement and health care provided in earlier contracts are known as legacy costs.

Name: Contract costs for retiree benefits increases in retirement and health care provided in earlier contracts are known as legacy costs.
Brand: Quizplus
Rating: 4.9 (37 reviews)

Question

Quizplus · Accepted Answer

Legacy costs refer to the costs associated with retiree benefits and previous health care agreements that increase as employees retire, creating a financial burden for employers.

Contract Costs for Retiree Benefits Increases in Retirement and Health