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Question
Standard Co. has an employee pension plan under which Jessica has worked for 12 years when she is laid off at age 60. Five years later at age 65, she attempts to draw her pension benefits and is informed that she is not eligible since she had not been working under the Standard Co. plan at the time of her retirement. Is this correct?
A. Yes, if that is what the Standard Co. plan specifies.
B. No, since Jessica worked longer than 10 years for Standard Co.
C. No, since Jessica's benefits are vested.
D. Yes, since Standard Co. only has a responsibility to current employees.
Answer
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