Vested Benefit


Definition of "Vested benefit"

Toni McCall
Toni McCall Coldwell Banker

Entitlement of a participant in an employee benefit insurance plan to receive benefits regardless of his or her employment status.

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Pension Benefit Guarantycorporation (pbgc)

Independent federal government organization authorized by the employee retirement income security act of 1974 (erisa) to administer the pension plan t ...

Forfeiture Of Vested Benefits

Relinquishment of rights to benefits when an employee withdraws previous contributions to a plan. An employee who had not withdrawn these contribution ...

Vesting, Conditional

Limitation under a contributory pension plan of an employee's right to receive vested benefits. The employee can withdraw contributions to the pension ...

Report To Social Security Administration

Requirement of an employer to report annually to the U.S. Treasury Department the names of employees who terminated employment with vested benefits, a ...

Merger, Consolidation Or Reorganization Of Plan Sponsor

Change in the nature of an employer or other organization that sponsors a qualified pension plan. A qualified plan must guarantee vested benefits due ...

Cash Out Of Vested Benefits

Money withdrawn by an employee from benefits owned. When an employee exercises this right, future benefits purchased by the employer on behalf of the ...

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