Vesting refers to the right of the holder of an insurance policy to collect for an insurable event. the shielding of returns on whole life policies from taxation. the length of service required of an employee before he or she is eligible for a pension. the payments made by an employee into a pension plan.

Question

Zion Graham

Business

19 July, 18:13

Vesting refers to the right of the holder of an insurance policy to collect for an insurable event. the shielding of returns on whole life policies from taxation. the length of service required of an employee before he or she is eligible for a pension. the payments made by an employee into a pension plan.

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Melvin · Answer 1

the length of service required of an employee before he or she is eligible for a pension.

Explanation:

In business, vesting represents the process by which an employee starts to collect the money his employer (and himself) contributed to a pension plan or similar benefit plan.

The vesting date is the date when the employee starts to receive the benefits from a pension plan or similar benefit plan.