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What is the difference between Vesting Service and Contributory Vesting Service?

April 26, 2017contributory difference service vesting

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What is the difference between Vesting Service and Contributory Vesting Service?

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Vesting Service is service that determines “vesting” status (i.e., a non-forfeitable right to a retirement benefit). Contributory Vesting Service is vesting service for which an employer is obligated to make contributions into the Plan on your behalf and which count towards your Contributory Years of Service.