Outrageously Funny Word Dictionary :: Proratable

👉 The term "proratable" in the context of employee benefits refers to a system where employees' contributions towards their company's pension, health insurance, and other related benefits are based on an employee's age or years of service. This means that each year, the company pays out more money to those who have worked longer or contributed more than others, while those who have been with the company for less time receive less. For example, if a 40-year-old employee is contributing $1

proratable