Under ERISA, Vesting Conveys to Employees the Right to Share

question 107

True/False

Under ERISA, vesting conveys to employees the right to share in a retirement fund in the event they are terminated before the normal retirement age.

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Definitions:

State Appeals Court

A court that reviews decisions made by lower courts and determines whether legal errors were made during the trial process.

Trial Court

A court in which cases are heard in the first instance, as opposed to an appellate court.

Binding

A legal agreement or practice that is enforceable in a court of law.

Private Law

Law that involves suits between private individuals or groups.