had a job interview the other day where they mentioned that i would get a pension that was vested in 10 years if i was selected for the job
wtf does a pension being vested mean? and whats the different between a pension and something like a 401k that makes people like pensions more?
In: Economics
You’ll have full ownership and control over pension benefits after 10 years of service.
Vesting is the process of earning the right to receive pension benefits over time.
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