Forfeiture Of Vested Benefits

Definition of "Forfeiture of vested benefits"

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 An employee who had not withdrawn these contributions would have been entitled to full benefits at normal retirement age or to a reduced benefit at early retirement, whether or not he or she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