In retirement planning,the term vesting means that once an employee is "vested" he or she will lose all rights to collect pension benefits should they leave the company before their official retirement date.

Question

Quizplus · Accepted Answer

The statement is incorrect. Vesting refers to the amount of time an employee must work for a company before being eligible for certain benefits, such as the employer's contributions to their retirement plan. Once an employee is vested, they are entitled to receive those benefits even if they leave the company before their official retirement date.

In Retirement Planning,the Term Vesting Means That Once an Employee