Solved

Claudia Has Become Vested in Her Pension Plan

Question 73

Multiple Choice

Claudia has become vested in her pension plan.This means that


A) if Claudia is laid off, she will receive not only the amount of money she has paid into her pension plan but also the funds that her employer contributed.
B) if Claudia leaves this employer and takes an opportunity with another company, she can transfer her pension fund balances to that new employer's plan.
C) if Claudia remains with her present employer until retirement, she will receive the maximum amount of pension available under the plan.
D) Claudia can take the funds she and her employer have invested in the pension plan and move them to a 401(k) or an IRA.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents