What is a vesting schedule?

Last Updated August 12, 2024

A vesting schedule is a retention program for employees regarding their retirement contribution benefit. To be fully vested in the TCU Employee Retirement Program, an employee must remain employed for five years.

Employees hired before 6/1/2020 are fully vested in the TCU contributions as well as their employee contributions. Employees hired on or after 6/1/2020 begin a 5-year vesting schedule as seen below:

Year 2: 25%
Year 3: 50%
Year 4: 75%
Year 5: 100%

You are vested after you complete each year.