____ under ERISA is when an employee becomes the owner of his retirement proceeds.

Question

Quizplus · Accepted Answer

Mandatory vesting under ERISA requires that an employee becomes the owner of his retirement proceeds after a certain period of time, regardless of whether he remains employed with the company. This ensures that employees who have contributed to their retirement accounts are entitled to their benefits even if they leave their employer before retirement age. Other options such as permanent vesting or executive vesting do not accurately describe the ownership of retirement benefits under ERISA.

____ Under ERISA Is When an Employee Becomes the Owner