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Vesting of Benefits


For a defined contribution scheme, the scheme member's benefits are subject to a vesting scale as stated in the governing rules. The vesting scale specifies the percentage of the benefits derived from employer's contributions that the member is entitled to based on the number of years of service.


For a defined benefit scheme, the scheme member's benefits are determined by a formula which usually takes into account years of service and the member’s final salary.

Last Revision Date: 06/10/2012