Vesting

2 replies [Last post]
tqspygame's picture
Offline
Joined: 2009-01-24

A client of mine recently left a job(at a smaller company). He went to rollover the money and they said a portion of the company match wasn't vested, so he should wait longer and then it will be fully vested.

My understanding is that once you leave the company contributions no longer vest, i.e. you have what you have. am i wrong?

Mike Damone's picture
Offline
Joined: 2004-12-01

You are correct.

CashFlow's picture
Offline
Joined: 2008-08-05

Correct.  He could have worked longer to get fully vested, but once he/she leaves that is it.

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