Vesting of contributions. Bargaining unit members are fully and immediately vested in the accrued benefits arising from their contributions. For purposes of vesting of employer contributions, years of service begins when a bargaining unit member starts contributing to the retirement plan at a level between 2.5% and 6% which is matched by a USNH contribution. After three (3) years or more of service as defined in the University System of New Hampshire 403(b) Summary Plan Provisions, the bargaining unit member is 100% vested in the employer contributions.
Vesting of contributions. The Company matching contribution for employees hired after August 19, 2014, will be subject to the following five (5) year graded vesting schedule: – After 2 years of service: 40% vested – After 3 years of service: 60% vested – After 4 years of service: 80% vested – After 5 years of service: 100% vested
Vesting of contributions. (a) The Company fixed and matching contribution for employees hired after August 19, 2014, will be subject to the following five
Vesting of contributions. Lecturer Faculty are fully and immediately vested in the accrued benefits arising from their contributions. For purposes of vesting of employer contributions, years of service begins when a status faculty member starts contributing to the retirement plan at a level, either 6%, 4% or 2.5%, which is matched by a USNH contribution. After three (3) years or more of service as defined in the University System of New Hampshire 403(b) Summary Plan Provisions, the faculty member is 100% vested in the employer contributions.
Vesting of contributions. A. Normal Retirement Age is Age 65.
Vesting of contributions. A Member shall at all times be 100% vested in his Rollover Contribution Account and Before-Tax Contribution Account. A Member shall vest in his Employer Matching Contribution Account and his Employer Core Contribution Account after the completion of five (5) Years of Service, provided, however, that notwithstanding the foregoing, an employee will be fully vested in his Employer Matching Contribution Account and his Employer Core Contribution Account upon attaining his Normal Retirement Age. If a Member incurs a Severance from Service prior to the completion of five (5) Years of Service, the balance in the Member's Employer Matching Contribution Account and Employer Core Contribution Account shall be forfeited.
Vesting of contributions. A Participant shall always be 100% vested in the Employer Contribution Account .
Vesting of contributions. Bargaining unit members are fully and immediately vested in the accrued benefits arising from their contributions. For purposes of vesting of employer contributions, years of service begins when a bargaining unit member starts contributing to the retirement plan at a level between 2.5% and 6% which is matched by a USNH contribution. After three (3) years or more of service as defined in the University System of New Hampshire 3 In 1994, benefits-eligible staff members hired prior to 6/30/94 had the opportunity to choose an additional 1% retirement contribution (ARC) made by USNH or the Medicare Complimentary Plan (MCP). Those who chose ARC and those hired and enrolled between 1994 and June 30, 2011 receive an additional 1% USNH contribution to their retirement plans, except at the Initial Contribution Level. USY A.4.6 403(b) Summary Plan Provisions, the bargaining unit member is 100% vested in the employer contributions.
Vesting of contributions. A Participant’s vested interest in his/her Employer Contribution Account and Matching Contribution Account is determined based on the vesting schedule elected in the Adoption Agreement. A Participant is always fully vested in his/her Salary Deferral Account and Rollover Contribution Account. The imposition of a vesting schedule creates a substantial risk of forfeiture with respect to the contributions subject to the vesting schedule. If a contribution is subject to a substantial risk of forfeiture, such contribution is not counted toward the Maximum Contribution Limit until the substantial risk of forfeiture lapses (i.e., the contributions are vested). Where an amount is subject to a substantial risk of forfeiture, gains or losses allocable to the amount deferred, through the date that the substantial risk of forfeiture lapses, are taken into account in determining the amount that is considered deferred in the year in which the substantial risk of forfeiture lapses.
Vesting of contributions. All Contributions are fully and immediately vested and are non-forfeitable.
