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Can someone explain what a 3-year cliff vesting schedule is?

Can someone explain what a 3-year cliff vesting schedule is?

Cliff vesting is a schedule for vesting in which all accrued benefits derived from employer contributions become nonforfeitable after a participant has completed a specified period of service for the employer, but, before the end of that period, such benefits are completely unvested.

The maximum amount of time a qualified plan, using cliff vesting, can make participants wait until they become fully vested is five years.

So a 3 year cliff vesting schedule would be being fully vested in 3 years instead of the maximum 5 years.

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