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vesting
(redirected from Vesting schedule)

    Also found in: Financial, Wikipedia 0.03 sec.
vest·ing  (vstng)
n.
The granting to an employee of credits toward a pension even if separated from the job before retirement.
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Under the first practice, the employee elects to defer salary and agrees to make the deferral subject to a vesting schedule in order to avoid current income taxation under Sec.
Substantial risk of forfeiture under Sec. 457(f) by Josefowicz, Barbara / The Tax Adviser
For example, decreased vesting requirements may provide additional pension income to those with intermittent workforce participation who would not qualify for pension benefits under a longer vesting schedule.
Retirement Security: Women Face Challenges in Ensuring Financial ... by General Accounting Office Reports & Testimony
Also, the two-year vesting schedule under the new safe harbor provides more of an incentive than the old safe harbor for your employees to continue working for you.
Your retirement: federal changes that you need to know by Greg, Goller / The Non-profit Times
 
 
 
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