Vesting is a guarantee of accrued benefits to participants at retirement age,provided they are currently employed.

Name: Vesting is a guarantee of accrued benefits to participants at retirement age,provided they are currently employed.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Vesting refers to the process by which an employee earns the right to keep the employer-contributed benefits in a retirement plan, regardless of whether they remain employed with the company until retirement age.

Vesting Is a Guarantee of Accrued Benefits to Participants at Retirement