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An employer suggested to provide the following vesting schedules. Determine if these schedules comply with the laws governing qualified retirement plans [explain]:

In a defined benefit plan a full vesting after 5 years
In a defined benefit plan a 50% vesting after 6 years and 100% vesting after 7 years
In a defined contribution plan a 50% vesting after 3 years and 100% vesting at 6 years
In a defined contribution plan a full vesting after 2 years

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91731153

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