Benefits pursuant to a pension plan that are not contingent upon an employee's continuing service are referred to as:

Question

Quizplus · Accepted Answer

Benefits that are not contingent upon an employee's continuing service are considered fully vested, meaning they belong entirely to the employee and cannot be forfeited or taken away. Funded and underfunded refer to the financial state of the pension plan, while insured refers to whether the plan is backed by an insurance company.

Benefits Pursuant to a Pension Plan That Are Not Contingent