Benefits that are vested, meaning that they belong fully to the employee and may not be rescinded.
Related information about nonforfeitable benefit:
- What is nonforfeitable benefit? - InvestorWords.com
Definition of nonforfeitable benefit: Benefits that are vested, meaning that they belong fully to the employee and may not be rescinded.
- Nonforfeitable Benefit Law & Legal Definition
According to 29 USCS § 1301 [Title 29. Labor; Chapter 18. Employee Retirement Income Security Program; Plan Termination Insurance; Pension Benefit ...
- What is nonforfeitable benefit? - BusinessDictionary.com
Definition of nonforfeitable benefit: A pension plan benefit that belongs to the insured and cannot be lost.
- Nonforfeitable Benefit - Definition of the Insurance Term ...
Nonforfeitable Benefit - A benefit payable under a pension plan that unconditionally belongs to a participant of the plan.
- 29 USC § 1053 - Minimum vesting standards | LII / Legal Information ...
(1) If the present value of any nonforfeitable benefit with respect to a participant in a plan exceeds $5,000, the plan shall provide that such benefit may not be ...
- 26 USC § 411 - Minimum vesting standards | LII / Legal Information ...
(i) a distribution of the present value of his entire nonforfeitable benefit if such distribution was in an amount (not more than the dollar limit under section 411 ...
- www.asppa.org
Nonforfeitable Benefit. Basically vested benefits; No future disability benefits; No future pre-retirement death benefit. Unlike single employer. Valuation Uses ...
- 29 USC § 1053 - US Codes and Statutes - FindLaw
(e) Consent for distribution; present value; covered distributions (1) If the present value of any nonforfeitable benefit with respect to a participant in a plan ...