vested pension

A pension in which an employee (or employee’s estate) has rights to benefits purchased with the employer’s contributions to the plan, even if the employee is no longer employed by this employer at the time of retirement.

• The vesting of qualified pension plans is governed by ERISA. See EMPLOYEE RETIREMENT INCOME SECURITY ACT. [Cases: Pensions 62. C.J.S. Pensions and Retirement Plans and Benefits §§ 73, 78–81, 83.]

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词条贡献者

双语律师Simon，毕业于亚洲一流的高级翻译学院，擅长翻译涉及金属和矿业领域的法律文件。