In most companies, an employee must work for a number of years before qualifying for pension benefits. This process is referred to as:
A) a defined-benefit period.
B) vesting.
C) regulated contribution period.
D) mandatory benefit pending.

Question

Quizplus · Accepted Answer

Vesting is the process where an employee becomes entitled to the employer's contributions made towards their retirement plan. This means that the employer's contributions become the employee's property after a certain length of time, regardless of whether the employee continues to work for the company or not. The length of time required for vesting varies by company and plan.

In Most Companies, an Employee Must Work for a Number