Does anyone know what happens to unvested deferred comp. if caught in the RIF? Do we get to keep it or do we lose it? Thanks!
5 replies (most recent on top)
It is accelerated vesting upon termination, as in the docs provided when you signed up plus addendums to the agreement. i.e. consult your paperwork.
Why wouldn’t you look at the documents? Asking on a lay-off board on the chance that someone happens to have the same deferred comp agreement as you and has actually read it and answered correctly is like winning the daily number.
You should go read up on it in the docs provided when you signed up.
But that is your compensation tax deferred and different than an IRA. You should be able to roll it over into another tax advantaged account an an employer or other financial institution.
It is accelerated
it vests upon termination.