A provision in pension plans referring to the money contributed by the employer that has been placed in a pension fund and cannot be forfeited for any reason is known as what?

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Quizplus · Accepted Answer

Vesting refers to the process by which an employee becomes entitled to the employer's contributions to a retirement plan. Once the employee meets certain criteria, such as a minimum years of service, they become vested and gain ownership of the employer's contributions. This ownership cannot be forfeited for any reason, hence the term non-forfeitable.

A Provision in Pension Plans Referring to the Money Contributed