Once you leave a job with an employer,you will probably have to forfeit your pension plan unless you have been with the company for five or more years.

Question

Quizplus · Accepted Answer

This statement is false. When leaving a job, you may have options such as rolling your pension plan into an IRA or transferring it to a new employer's plan. The length of time you have been with the company may affect certain benefits or eligibility requirements, but it does not automatically result in forfeiture of your pension plan.

Once You Leave a Job with an Employer,you Will Probably