Forfeiture Of Vested Benefits


Definition of "Forfeiture of vested benefits"

Dennis Guldseth real estate agent
Dennis Guldseth, Real Estate Agent 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 An employee who had not withdrawn these contributions would have been entitled to full benefits at normal retirement age or to a reduced benefit at early retirement, whether or not he or she is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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