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chouri chouri
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7 years ago
Which of the following statements about the minimum vesting standards for a qualified defined benefit plan is (are) true?
I.   Under cliff vesting, an employee must be at least 50 percent vested after 5 years of service.
II.   Under graded vesting, an employee must be at least 20 percent vested after 3 years of service and 100 percent vested after 7 years.
A) I only
B) II only
C) both I and II
D) neither I nor II
Textbook 
Principles of Risk Management and Insurance

Principles of Risk Management and Insurance


Edition: 12th
Authors:
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ownzore3ownzore3
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7 years ago
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chouri Author
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6 years ago
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