Asked by
Robert Lafreeda
on Nov 18, 2024Verified
Vesting means that an employee will lose all rights to collect pension benefits should they leave the company before their official retirement date.
Vesting
A provision in employer-provided retirement plans that gives workers the right to a pension after a specified number of years of service.
Pension Benefits
Payments made to employees after retirement, based on years of service and salary history, as part of a retirement plan.
- Absorb the importance and diversities of staff benefits for the attainment of organizational objectives.
Verified Answer
DM
Learning Objectives
- Absorb the importance and diversities of staff benefits for the attainment of organizational objectives.
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