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Vesting
Relates to superannuation, an employee's entitlement to employer superannuation contributions. Vesting is usually expressed on a scale, for example, for each year of service employees are entitled to a further 20% of optional employer contributions. This means that after 5 years of service an employee is entitled to 100% of these contributions if they leave the employer.
Relates to superannuation, an employee's entitlement to employer superannuation contributions. Vesting is usually expressed on a scale, for example, for each year of service employees are entitled to a further 20% of optional employer contributions. This means that after 5 years of service an employee is entitled to 100% of these contributions if they leave the employer.