Justin Bryant worked for ABC Corporation for ten years before leaving. He was told that his benefits have vested. What does this mean?
A) He can withdraw the benefits at any time.
B) He needs to cash out his benefits immediately or he will lose them.
C) He has lost his pensions earned at ABC Corporation.
D) He has accrued pension benefits at retirement age.

Question

Quizplus · Accepted Answer

When benefits are vested, it means that Justin has earned the right to receive his pension benefits upon reaching retirement age, regardless of whether he continues to work for ABC Corporation or not.

Justin Bryant Worked for ABC Corporation for Ten Years Before