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Tagged: pention benifits
It is an employee’s rights to receive present or future pension benefits even if the employee does not remain in service of the employer
vesting :law the act of conferring a right upon (someone) which is immediately secured
the granting to an employee of the right to pension benefits despite retirement before the usual time or age.
Vesting is the process by which an employee get rights over employer-provided stock incentives or employer contributions made to the employee’s qualified retirement plan account or pension plan.
Confer or bestow(power, authority, property,etc) on someone.
vesting occurs an acquisation of ownership.
these employers benefit and other like them and often tired to a timeline are called vesting schedule.
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