Categories
Antiwork

Fully Vesting is more of a scam than it is a benefit to employees.

Gradual Vesting* For those that do not know what it is; Some companies will match contributions into a retirement account/stocks account, however they say they can take away all of their contributions unless you work for 2,4,6 years in the company. It usually looks like; Work for 1 year, keep 20% of company contributions Work for 2 years, keep 40% ” ” ” 3 years, 60%, 4 years, 80%, 5 years now you keep the full company contribution. This is just a way to make employees feel trapped to companies and their bad culture statements after a few years when they learn their career really isn't all that they promised in the job interview. We all know retirement planning is important, and newer generations are really getting shafted into retirement plans that are NOT adequate retirement plans. Now they can take 401k contributions away, even though its not like you…


Gradual Vesting*

For those that do not know what it is; Some companies will match contributions into a retirement account/stocks account, however they say they can take away all of their contributions unless you work for 2,4,6 years in the company. It usually looks like;

Work for 1 year, keep 20% of company contributions
Work for 2 years, keep 40% ” ” ”
3 years, 60%,
4 years, 80%,
5 years now you keep the full company contribution.

This is just a way to make employees feel trapped to companies and their bad culture statements after a few years when they learn their career really isn't all that they promised in the job interview.

We all know retirement planning is important, and newer generations are really getting shafted into retirement plans that are NOT adequate retirement plans.

Now they can take 401k contributions away, even though its not like you were only 20/40/60/80% productive until year 5, most onboarding is a few months until you are on whatever metric scale the company has, being required to perform like everyone else.

It's seriously a trap, and since working for most companies with this feature, I've grown to really support union movements, because these non-union jobs take advantage of workers at every corner.

Leave a Reply

Your email address will not be published. Required fields are marked *