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Vesting

• The right of an employee, earned over a specific period of time, to receive some retirement benefit, whether or not he or she remains with the employer.

 
 Embedded terms in definition
 Right
Time
 
 Referenced Terms
 Forfeiture: The non-vested part of a participant s account balance in a defined contribution plan which he or she loses upon termination of employment before attaining full Vesting. Under IRS rules, some defined contribution plans credit forfeitures to the accounts of all other participants.

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Getting Your Finances Ready for Your Golden Years: If you're seriously considering retirement, you also should be seriously thinking about how to ensure that your financial life is as comfortable and stress-free as possible. Here are a few tips. More...

Don't let the fear of the time it will take to accomplish something stand in the way of your doing it. The time will pass anyway; we might just as well put that passing time to the best possible use. - Earl Nightingale

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