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Forfeiture Of Vested Benefits

Definition of "Forfeiture of vested benefits"

Dennis Guldseth
  Berkshire Hathaway HomeServices Lovejoy Realty

Relinquishment of rights to benefits when an employee withdraws previous contributions to a plan. An employee who had not withdrawn these contributions would have been entitled to full benefits at normal retirement age or to a reduced benefit at early retirement, whether or not he or she is in the service of the employer at that time.

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