Employees have the right to receive benefits from their pension plans if they remain with their employer a certain period. Which of the following refers to this pension right?

Question

Quizplus · Accepted Answer

Vesting refers to the right of employees to receive benefits from their pension plans if they remain with their employer for a certain period, usually five years. This means that the employee has earned the right to the pension benefits even if they leave the company before retirement age. Qualifying and entitling do not specifically refer to pension rights, while portability refers to the ability to transfer pension benefits between plans or employers. Therefore, A) vesting is the correct choice.

Employees Have the Right to Receive Benefits from Their Pension