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

资深译员Paul，毕业于国际一流的高级翻译学院，专注翻译各种与政府合同诉讼有关的法律文件。