Vesting in the Plan
The vesting schedule is determined by number of years of participation, not PERA service credit. One year of participation equals 12 months of contributions.
Your contributions: 100% immediately vested*
Your Employer’s Contributions:
|
|
50% | Immediately* |
60% |
At the end of one year of membership* |
70% |
At the end of two years of membership* |
80% |
At the end of three years of membership* |
90% |
At the end of four years of membership* |
100% | At the end of five years of membership* |
* Plus/minus investment gains/losses, minus fees.