Benefits for which the employee's right to receive a present or future pension benefit is no longer contingent on remaining in the service of the employer are called

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Vested benefits are those that an employee has earned to a certain point and are not contingent on the employee remaining with the employer. This means that the employee is entitled to receive the benefit regardless of whether they leave the employer or not. Accumulated benefits refer to the total amount of money or value that an employee has accumulated in their pension plan. Service benefits are benefits that are based on an employee's length of service with an employer. Prior service benefits are benefits that are granted to employees for their past service with an employer before they started participating in the employer's pension plan.

Benefits for Which the Employee's Right to Receive a Present