Vesting refers to;

a. how long until an employee owns any employer contributions to the employee's pension plan.

b. how long until an employee can transfer any of his own contributions to a new plan if he switches jobs.

c. eligibility requirements to retire early.

d. restrictions on asset allocations within a defined contribution plan.

e. the extent to which an employee materially participated in a given business in a given year.

Question

Business

Ruben Fry

28 October, 14:10

Vesting refers to;

a. how long until an employee owns any employer contributions to the employee's pension plan.

b. how long until an employee can transfer any of his own contributions to a new plan if he switches jobs.

c. eligibility requirements to retire early.

d. restrictions on asset allocations within a defined contribution plan.

e. the extent to which an employee materially participated in a given business in a given year.

+1

Answers (1)

Know the Answer?

Kaden Roth · Answer 1

The correct answer is A

Explanation:

Vesting is a plan of retirement which means the ownership. In other words, vesting is the term which is described as the certain percentage of the account, will be vested or own by every employee in the plan each year.

So, it is best described as the how long the employee owns or vest any contributions of the employer to the pension plan of the employee.