Cliff vesting is the process by which employees earn the right to receive full benefits from their company’s qualified retirement plan account at a specified date, rather than becoming vested gradually over a period of time. The vesting process applies to both qualified retirement plans and pension plans offered to employees. Companies use vesting to reward employees for the years worked at a business and for helping the firm reach its financial goals.
Xaphesis Consulting LLC provides medical and technology consulting services to a broad range of clients. Our mission is to operate with the highest level of integrity and serve our clients in the health care and technology industries. https://www.xaphesis.com