Difference between revisions of "Legacy cost"

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Revision as of 12:50, 3 November 2019

Legacy costs is a contract costs for retiree benefits increases in retirement and health care provided in earlier contracts.


Definitions

According to Labor Relations and Collective Bargaining by Michael R. Carrell and Christina Heavrin (10th edition),

Legacy costs. A contract costs for retiree benefits increases in retirement and health care provided in earlier contracts.


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