Under the Employee Retirement Income Security Act,an employee's benefits must vest within 7 years or less.

Name: Under the Employee Retirement Income Security Act,an employee's benefits must vest within 7 years or less.
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Quizplus · Accepted Answer

The Employee Retirement Income Security Act (ERISA) requires that most retirement plans must have a vesting schedule that allows an employee to become vested in their retirement benefits within 3 to 7 years depending on the specific plan. Therefore, the statement is true.

Under the Employee Retirement Income Security Act,an Employee's Benefits Must