Vesting Refers to

question 56

Multiple Choice

Vesting refers to

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

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Definitions:

Employment Standards Legislation

Laws that set minimum standards for working conditions, including wages, hours, leaves, and termination, within a jurisdiction.

Unfair Labour Practices

Actions by employers or unions that violate the rights of employees or the organization's own rules, often relating to the regulation and management of labor relations.

Employment Relations

The relationship between employers and employees, including the rights, duties, and obligations they owe each other.

Legislation

Laws and statutes enacted by a government's legislative body to regulate, authorize, sanction, grant, declare, or restrict various activities and conduct.