wear-away
n.— «The act would eliminate the uncertainty by making it clear that cash-balance plans don’t violate federal laws against age discrimination, Klein says. The measure also bars companies from freezing older workers’ benefits after a conversion—a practice known as “wear-away” that can sharply reduce their benefits.» —“Hybrid plans: Easier to offer now” by Sandra Block USA Today Aug. 7, 2006. (source: Double-Tongued Dictionary)
Further reading
Enthusiastic book recommendations! Martha’s savoring the biography of Alexander von Humboldt, the 19th-century explorer, polymath, and naturalist who revolutionized our understanding of nature and predicted the effects of human activity on...
The words tough, through, and dough all end in O-U-G-H. So why don’t they rhyme? A lively new book addresses the many quirks of English by explaining the history of words and phrases. And: have you ever been in a situation where a group makes...