Cliff vesting

A characteristic of some retirement plans which specifies that employer matching contributions become the Property of the employee all at once after a specified time period, rather than gradually.

Related Terms: 4 Contribution, ECI, Property, Retire

Other Related Pages: Category: Retirement Starting With: C

Additional Related Terms: 401(k) plan, 403(b) plan, 457 plan, Average collection period, Accrual of discount, After-tax basis, Amortization of premium, At par, All or any part, At best