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Coyne Climbing Gear has a pension plan that is designated as a qualified employer pension plan and chooses to use cliff vesting for their vesting
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Coyne Climbing Gear has a pension plan that is designated as a "qualified employer pension plan" and chooses to use "cliff vesting" for their vesting requirements. Coyne Climbing Gear contributes $4,000 per year to each employee's pension plan. Employees contribute $1,000 per year to their plan. Celeste works for Coyne Climbing Gear for two years and then quits. How much of the contributed money in her pension plan will be available to Celeste when she retires?
$2,000
$4,000
$8,000
$10,000
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