MLchartDataset catalogue

Cliff vesting

Term · Economic statistics · MLC-T-ECS-000298

Provision which stipulates that participants in a retirement plan have no vesting rights to future benefits until a service requirement has been met, after which they are 100 percent vested.

Note: The service requirement is usually based on years of service, such as 5 years.

Table 1. Record
IdentifierMLC-T-ECS-000298
FieldEconomic statistics
ReferencesBLS Glossary
Record as JSON 
{
  "id": "MLC-T-ECS-000298",
  "term": "Cliff vesting",
  "field": "Economic statistics",
  "definition": "Provision which stipulates that participants in a retirement plan have no vesting rights to future benefits until a service requirement has been met, after which they are 100 percent vested.\n\nNote: The service requirement is usually based on years of service, such as 5 years.",
  "references": [
    "BLS Glossary"
  ],
  "url": "https://mlchart.com/terminology/economic-statistics/cliff-vesting/"
}

Record 293 of 2,141 in Economic statistics terminology (MLC-0116). Request the full dataset.