vested benefits

vested benefits

Benefits, the rights to which, under the conditions of a retirement benefit plan, are not conditional on continued employment.

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Part of Speech: noun
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Industry/Domain: Financial services
Category: Accountancy
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Related terms

vested

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Having the right to use a portion of a fund such as an IRA. Typically vesting occurs over time. If you are 100% vested, you have a right to 100% of the fund.

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