fte following statements on vesting are all true, except:
A) Vesting means that the employee has a present nonforfeitable right to enjoy a future benefit.
B) Employees are immediately vested in their own contributions.
C) Once a pension plan is 100 percent vested, the account balance will be paid to a named beneficiary if the employee dies prior to normal retirement.
D) Normally, if an employee who is fully vested in a pension plan leaves employment for any reason, he receives no benefits until normal retirement, perhaps decades later.
Correct Answer:
Verified
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