Accrued benefit

the amount of retirement benefit that has been accumulated on behalf of a participating employee. In the case of a defined benefit plan an employee's accrued benefit would be expressed as the amount he or she could expect to receive at normal retirement age if no future funds were contributed to the plan. In the case of a defined contribution money purchase plan or profit-sharing plan a participant's accrued benefit means the balance presently accrued in his or her individual account.- The Insurance Dictionary 3rd Edition