The right of an employee to pension benefits paid into a pension plan in the employee's name by the employer is referred to by the term: ______.

Question

Quizplus · Accepted Answer

Vesting refers to the right of an employee to receive the pension benefits contributed by the employer into a pension plan in the employee's name. Once an employee is fully vested, they have earned the right to receive the pension benefits even if they leave the company before they retire.

The Right of an Employee to Pension Benefits Paid into a Pension