Once an Employee Is Vested, What Triggers When He or She

question 31

Multiple Choice

Once an employee is vested, what triggers when he or she can receive any benefit from the pension plan?

• A) Changing jobs
• B) Retirement
• C) At least 5 years of service
• D) Disability
• E) Termination

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Definitions:

Promotional Activity

Initiatives undertaken by businesses to market their products or services to attract and engage customers, ranging from advertising to personal selling and beyond.

Off-Season

A period outside the peak times for certain activities, often characterized by fewer customers and lower prices.

Competitive Parity Budgeting

A method of setting a marketing budget based on matching competitors' spending to maintain market share.