Brown,Inc. ,uses the three-to-seven year graded vesting approach for its defined benefit retirement plan.Peter has five years of service completed as of February 5,2016,his employment anniversary date.Determine Peter's nonforfeitable percentage.
A)40%
B)60%
C)80%
D)100%
E)None of the above

Question

Quizplus · Accepted Answer

Under the three-to-seven year graded vesting schedule, an employee with five years of service is vested at 60%.

Brown,Inc ,Uses the Three-To-Seven Year Graded Vesting Approach for Its