The CPP locks in both workers' and employers' contributions.What is this called?

Question

Quizplus · Accepted Answer

Vesting refers to the process of making the contributions to a pension plan or retirement savings plan accessible to the employee, usually after a certain amount of time has passed. In the case of CPP, both the employee and employer contributions are vested, meaning they are locked in and cannot be accessed until retirement age. A is incorrect because portability refers to the ability to transfer pension benefits or retirement savings from one plan to another. B and D are incorrect because actualization and pension security are not relevant terms in this context.

The CPP Locks in Both Workers' and Employers' Contributions