Final answer:
Vesting is the right of employees to receive benefits from their retirement plans. It refers to the process by which an employee becomes entitled to the employer's contributions to their retirement account. Option D is correct..
Step-by-step explanation:
Vesting is the right of employees to receive benefits from their retirement plans. Vesting refers to the process by which an employee becomes entitled to the employer's contributions to their retirement account. Once an employee is fully vested, they have an ownership claim to the funds in their retirement account, even if they leave the company. This ensures that employees receive the benefits they have earned over the course of their employment.
Vesting guarantees that after a certain period of time or meeting specific conditions set by the employer, an employee's right to receive benefits from retirement plans, such as pensions or 401(k) plans, is non-forfeitable. While Social Security provides a retirement benefit to workers who meet minimum work requirements, and portability pertains to the transfer of retirement accounts like 401(k)s when changing employers, neither of these terms relate directly to the concept of securing the legal right to benefits upon meeting the requirements set by the plan.