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Term of the Day
fully vested
fully valued
fun money
Definition
The point at which an
employee
has
rights
to the full
amount
of
benefits
available
through a company-sponsored plan, such as
stock
ownership
or 401k
retirement
fund
. Benefits
accrue
annually
to a point where the
person
is considered
fully
vested
.
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Popular 'Retirement' Terms
annuity
OASDI
deferred compensation
Social Security
IRA
qualified retirement plan
annuitant
non-qualified retirement plan
liquid net worth
401(k) plan
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