portability

Definition

The ability of an employee to retain benefits, such as a pension plan or insurance coverage, when switching employers.

Use portability in a sentence

I was glad that we had a portability plan, because that would stay with me when I switched to a different company after that year.

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The portability of the perks the employee enthusiastically enjoyed when first starting working here was carried over into the new company.

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John Smith decided to invest a large percentage of his income to ABC Company's 401k because the portability of the plan made it easy for him switch it to another plan if he decided to change jobs.

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