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CDFA Exam Study Materials Test Questions And Answers 5-year cliff vesting - CORRECT ANSWER- An employee who has at least five years of service must have a non-forfeitable right to 100% of the employee's accrued benefit [IRC §411(a)(2)(A)]. 3- to 7-year vesting (7-year graded vesting) - CORRECT ANSWER- An employee who has completed at least three years of service must have a non-forfeitable right to at least the following percentages of his or her accrued benefit: 20% after three ye...

CDFA Exam Study Guide With Verified Solutions. Pro se divorce - answerWhen party chooses not to have an attorney. Individual is the "pro se" At-fault divorce - answerHad to live separate and apart for a year before filing for divorce. New York until "no-fault" was passed in 2010 Residency Waiting Period - answerIndividual has to reside in a state for a waiting period (usually 90 days) before court can have jurisdiction and divorce proceedings can begin Cooling-Off Period - answerMini...

An employee who has at least five years of service must have a non-forfeitable right to 100% of the employee's accrued benefit [IRC §411(a)(2)(A)]. Correct Answer: 5-year cliff vesting An employee who has completed at least three years of service must have a nonforfeitable right to at least the following percentages of his or her accrued benefit: 20% after three years of service, 40% after four years of service, 60% after five years of service, 80% after six years of service, and 100%...

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3- to 7-year vesting (7-year graded vesting) ANSWER-An employee who has completed at least three years of service must have a non-forfeitable right to at least the following percentages of his or her accrued benefit: 20% after three years of service, 40% after four years of service, 60% after five years of service, 80% after six years of service, and 100% after seven years of service

CDFA Exam Study Materials Test Questions And Answers 5-year cliff vesting - CORRECT ANSWER- An employee who has at least five years of service must have a non-forfeitable right to 100% of the employee's accrued benefit [IRC §411(a)(2)(A)]. 3- to 7-year vesting (7-year graded vesting) - CORRECT ANSWER- An employee who has completed at least three years of service must have a non-forfeitable right to at least the following percentages of his or her accrued benefit: 20% after three ye...