An employer opts for Cliff vesting in one of their defined contribution plans under the Pension Protection Act of 2006.Here, an employee can obtain full vesting of employer contributions:
A)after three years.
B)at the retirement age.
C)after two years.
D)at the vesting age determined by the company.
E)at the vesting age specified by ERISA.

Question

Quizplus · Accepted Answer

Cliff vesting under the Pension Protection Act of 2006 allows an employee to become fully vested in their employer's contributions to a defined contribution plan after three years of service.

An Employer Opts for Cliff Vesting in One of Their