What Does Vesting Mean?

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What does Vesting mean? Read on to discover the definition & meaning of the term Vesting - to help you better understand the language used in insurance policies.

Vesting

Vesting

Right of employees under a retirement plan to retain part or all of the annuities purchased by the employer's contributions on their behalf or, in some plans, to receive cash payments or equivalent value, on termination of their employment, after certain qualifying conditions have been met.

We hope the you have a better understanding of the meaning of Vesting.

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