Vesting Schedule (BN03.1)

Use Vesting Schedule (BN03.1) to define vesting schedules for defined contribution and defined benefit plans. A vesting schedule is a table that determines when a company's contributions become nonforfeitable to an employee.

Processing Effect

If you change a vesting table, the changes reflect immediately since vesting calculates online in BN55.1 (CODA Account Balance), BN56.1 (Compensation History), BN57.1 (Vesting Hours) and in report form in BN237 (Vesting Listing).

More Information

You assign vesting schedules to plans in the Vesting Compensation form tab in BN15.1 (Benefit Plan).