Payment in lieu of benefit

{
  "id": "MLC-T-ECS-001410",
  "term": "Payment in lieu of benefit",
  "field": "Economic statistics",
  "definition": "Payment to employees instead of the employer providing a benefit.\n\nNote: In some cases, the employer offers cash to employees who waive employer-sponsored benefits, such as sick leave or healthcare. When the employee accepts the offer, the employer passes the savings from the waived benefit to the employee.",
  "references": [
    "BLS Glossary"
  ],
  "url": "https://mlchart.com/terminology/economic-statistics/payment-in-lieu-of-benefit/"
}