Which of the following statements about "vesting periods" is TRUE?

If you quit your job before the vesting period ends, you can keep your contributions and your employer's contributions.

Vesting periods can be used as a way to retain employees for a longer period of time.

You can access your contributions at any time.

You can access your contributions only during the vesting period.

The correct answer is letter "B": Vesting periods can be used as a way to retain employees for a longer period of time.

Explanation:

The vesting period is the time in which employers provide workers ownership of the company's stock. Employees cannot take advantage of the gains or contributions of the stock until the vesting period is over or when they are vested. Vesting periods tend to last between three (3) to five (5) years.

Some companies provide their stocks to qualified employees as a form to retain them in the firm until the vesting period ends so employees can earn profits.

if you quit your job is true