Zackie has five years of service completed as of February 5,2014,which is his employment anniversary date.If his defined benefit plan [not a § 401(m)arrangement] uses the graded vesting rule,determine Zackie's nonforfeitable percentage.
A)40%
B)60%
C)80%
D)100%
E)None of these

Question

Quizplus · Accepted Answer

Under the graded vesting schedule for defined benefit plans, after five years of service, an employee is typically 60% vested.

Zackie Has Five Years of Service Completed as of February