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What is vesting?

The term vesting means that a secured right is in place and cannot be taken away. Vesting commonly refers to whether or not the money that has been set aside for you in a retirement plan is yours to k...

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Are pension benefits taxable?

Whether your pension benefits are taxable depends on several factors. Your pension benefits can be fully or partially taxable depending on how and when you contributed to the fund. It is also importan...

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Employer Medical and Health Coverage of Stepchildren

Employer-provided health insurance does not always have to cover step-children, even though policies may generally cover biological and legally adopted children. Employer-provided health insurance onl...

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What is cliff vesting?

Cliff vesting means an employee becomes 100 percent vested (and entitled to the full amount of promised pension benefits) all at once. When an employer offers graduated vesting, the employee obtains t...