Adjusting Vesting Hours

View or adjust employee vesting hours for defined contribution and defined benefit plans. The Benefits Administration application tracks vesting hours based on the vesting pay class selected on the Vesting Comp tab of Benefit Plan (BN15.1). Vesting Hours (BN57.1) tracks vesting hours for all employees, even if the employee is not enrolled in a defined contribution or defined benefit plan. If the plan counts vesting for years before the plan start date, the Benefit application assumes that the employee met the minimum vesting requirements for each of those years. If an employee did not meet minimum vesting requirements for a year, define the actual number of vesting hours for that year. If you define an amount of hours for a year that is less than the minimum vesting requirement, the application does not count that year.

The Percentage field converts the number of years into a percentage only when the employee's age is less than the 100% vested age on BN15.1. If the employee has reached the vested age, this field displays 100% regardless of the number of vested years.

To adjust vesting hours