Web Results
  • 1.
    Vesting - Wikipedia, the free encyclopedia
  • In law, vesting is to give an immediately secured right of present or future enjoyment. ... Vesting is an issue in conjunction with employer contributions to an ...
  • http://en.wikipedia.org/wiki/Vesting
  • 2.
    vesting: Definition from Answers.com
  • vesting n. The granting to an employee of credits toward a pension even if separated from the job before ... In law, vesting is to give an immediately secured ...
  • http://www.answers.com/topic/vesting
Questions/Answers
What vesting schedule do youuse for your 401k?
We're integrating a 401k match at my small start up. In order to do this we want to adjust the vesting schedule. It would be helpful to know more about your company (size, industry) and also the 401k match you provide. We offer 50% match (with a $1000 ceiling from the company).
I gave Internetguy a thumbs up because he sounds very knowledgeable in this subject. I still want to answer though... I work for a very large investment firm. The vesting schedule is: 1-2 yrs 0%; 2-3 yrs 20%; 3-4 yrs 40%; 4-5 yrs 60%; 5 yrs 100%. We are eligible to contribute after 1 year of service. I've been employed there for 3 years and I won't even consider leaving until I'm 100% vested. The large vesting jump from the 4th to 5th year motivates me to stay.
Can I negotiate on the 401kmatching vesting term?
Their vesting term is 4 years, and I'd like to get it to 2 or less. Is it bad form to even ask?
Can't negotiate it. That's a plan rule and although it can be changed, it would have to be changed for everyone who is currently in the plan and for those who will be in the plan after you. What you can do though is negotiate that the firm will make up any differential between the actual vested balance and the negotiated vesting schedule. Then that amount would be contributed by you into an IRA and you're made whole...to you it's as if you were using your own vesting schedule. Now the poor form part of the question....unless you're an executive it is in poor form. It makes it look like you're not there for the long term. But...if you negotiated it so that if you were terminated (with or without cause) by the employer rather than quitting or resigning then that aspect of the contract would kick in????? I would think that would be ok.
For the community propertyvesting do we have to have thewill for sharing the property?
When I take the title as community property and one of us(my husband and I) dies, Does the surviving spouse automatically receive the property? or the surviving spouse have to have the will? (California)
The will of the decedent will determine the heir(s), but state laws may intercede and give the spouse a certain percentage of the property.
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