Question

What is the "vesting date" in the context of pension plans?

a.

The date of retirement

b.

The date of lump sum contribution

c.

The desired age or date when one starts receiving a pension

d.

The date of annuity purchase

Answer: (c).The desired age or date when one starts receiving a pension Explanation:The "vesting date" in the context of pension plans is the desired age or date when one starts receiving a pension.

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Q. What is the "vesting date" in the context of pension plans?

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