Which of the following statements is (are) true with respect to vestin

Which of the following statements is (are) true with respect to vesting under a qualified retirement plan?

I. Vesting helps to reduce labor turnover.
II. An employee who terminates employment after four years of service has no vested retirement benefit under cliff vesting.
A) I only
B) II only
C) both I and II
D) neither I nor II

ANSWER

Answer: C