Question: Explain what step-rate integration is and illustrate how it might work for a defined benefit plan. What does vesting mean, and what role does vesting

Explain what step-rate integration is and illustrate how it might work for a defined benefit plan.

What does vesting mean, and what role does vesting play in the history of pension standards regulation? Be clear and specific.

What is meant by the cooperation sought in the push towards uniformity of pension standards regulations? Be specific and answer fully.

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