An Accrued Monthly Benefit is the amount of money you’ve earned so far from a pension plan, based on your work history and the plan’s rules. It is usually calculated using factors like your salary, how long you’ve worked for the company, and a set formula in the plan. This benefit is “accrued,” meaning it builds up over time as you continue working. When you reach retirement age, the plan uses your total accrued benefit to determine how much you’ll receive each month. It’s a common feature of defined benefit plans, where the employer promises to pay you a steady income during retirement. Your accrued monthly benefit gives you a way to track how much retirement income you’re on pace to receive.