__________ refers to a maximum amount of time beyond which the employee will have unfettered access to their retirement funds, both employee contributions and employer contributions.

Question

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Vesting refers to the point at which an employee has earned the right to receive the employer's contribution to their retirement plan. Once an employee is fully vested, they have unfettered access to both their own contributions and the employer's contributions. Vesting schedules vary by plan, but typically require a certain number of years of service before an employee is fully vested.

__________ Refers to a Maximum Amount of Time Beyond Which