(19) The term “nonforfeitable” when used with respect to a pension benefit or right means a claim obtained by a participant or his beneficiary to that part of an immediate or deferred benefit under a pension plan which arises from the participant's service, which is unconditional, and which is legally enforceable ...

What is a nonforfeitable accrued benefit?

Nonforfeitable means a Participant's or Beneficiary's unconditional claim, legally enforceable against the Plan, to the Participant's Accrued Benefit. ... Rights to benefits that do not satisfy this definition are considered forfeitable.

What are benefits accrued?

Accrued benefits are benefits that the employee has earned based on their service or other criteria, but that are payable to the employee at some later date. These types of benefits can include sick pay, personal time off, and other related benefits that employees earn or accumulate the longer they work.