Vesting Rules

Vesting Rules is used.

with reference to a pension or profit-sharing plan, certain minimum requirements that must be met before a participant's right to benefits becomes nonforfeitable. Vesting rules include the following:

1. A participant's right to accrued benefits from his or her own contributions must always be 100% vested.

2. A participant's right to normal retirement benefits must be fully vested at normal retirement age.

3. A participant's right to accrued benefits from employer contributions must vest at least according to minimum vesting schedules. Former IRC (check if this IRC provision is current here) §401.