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Less commonly, the vesting schedule may call for variable grants or subject to conditions such as reaching milestones or employee performance. "Graded vesting" or called retable vesting (vesting after each year until the employee is fully vested) may be "uniform" (e.g., 20% of the compensation vested each year for five years) or "non-uniform ...
The money from your employer match may be required to vest, potentially for years, before it becomes entirely yours.
After an employee is fully vested, the employee is eligible to retain the entire amount contributed by their employer, even if they leave the company before retirement. Under federal law, an employer can take back all or part of the matching money they put into an employee's account if the worker fails to stay on the job for the vesting period.
Employers offer defined contribution plans (e.g., 401(k)) where employees contribute and have access to the funds, and defined benefit plans (e.g., Pension Plans) where employers invest for ...
This page was last edited on 21 December 2012, at 20:42 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may apply.
FYIFV (standing for "Fuck You, I'm Fully Vested") or FYIV [1] is a piece of early Microsoft jargon that has become an urban legend: the claim that employees whose stock options were fully vested (that is, could be exercised) would occasionally wear T-shirts or buttons with the initials "FYIFV" to indicate they were sufficiently financially independent to give their honest opinions and leave ...
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The Public School Employees’ Retirement System (PSERS) is a pension fund for public school employees in the Commonwealth of Pennsylvania.Eligible members include all full-time public school employees, part-time hourly public school employees who render at least 500 hours of service in the school year, and part-time per diem public school employees who render at least 80 days of service in ...