ERISA requires employers' contributions to be either totally vested after 5 years,or gradually vested over a 7-year period and completely vested after that time.

Question

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ERISA (Employee Retirement Income Security Act) requires vesting of employer contributions either after 5 years of service (100% vesting) or gradually over a 7-year period (20% minimum vesting after 3 years, with 20% additional vesting each year until 100% vesting after 7 years).

ERISA Requires Employers' Contributions to Be Either Totally Vested After