Vesting Period: Check It Or Lose It

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13 Responses

  1. MoneyCone says:

    Good reminder Buck! This subject is something that isn’t super exciting, but ignorance and procrastination could cost you in the long run.

    Loved your guest post!

  2. Hunter says:

    Failing to beaware of your benefits can really cost. A colleague left our company a matter of weeks prior to meeting her 5 year retirement plan vesting requiement. It cost thousands, and she only became aware after she had left.

    She blamed the company, but I don’t think it’s HR’s role to make employees aware of this after the letter of resignation has been dropped.

  3. krantcents says:

    In my former role as CFO, I was responsible for administration as well as Finance. When a new employee joined the company, they were given a copy of the employee handbook, and a lot of paperwork. We asked them to sign a paper that they read and understood all of the material. I would bet 99% of them never read all it never mind understood it. Everyone should take personal responsibility for what they sign. I know the courts will back up the employer in these cases. If you do not understand something, you should ask questions.

  4. My company vesting period is 5 years… That’s a long time.

  5. optionsdude says:

    Just another important reminder to pay attention to all of your benefits that might be available to you. A boring topic to be sure but important nonetheless.

  6. john says:

    Can you lose your pension if your vested , but are fired?

  1. May 16, 2011

    […] Inspire posted Vesting Period: Check It Or Lose It. You should know your company policy or you may lose out on some […]

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