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Melissa's retirement plan is described in her employee handbook as follows: Noncontributory Cliff vesting ( 1 0 0 % ) after 3 years of full
Melissa's retirement plan is described in her employee handbook as follows:
Noncontributory
Cliff vesting after years of fulltime employment
Monthly retirement benefits based on average salary over the last years of employment and the total number of years worked for the company Which of the following statements about this retirement plan is true?
Melissa will have to pay money into the plan.
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