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BN03.1 - Vesting Schedule
**Form Purpose
Use Vesting Schedule (BN03.1) to define vesting schedules for defined
contribution and defined benefit plans. A vesting schedule is a table that
determines when a company's contributions become nonforfeitable to an
employee.
**Processing Effect
If you change a vesting table, the changes reflect immediately since vesting
calculates online in BN55.1 (CODA Account Balance), BN56.1 (Compensation
History), BN57.1 (Vesting Hours) and in report form in BN237 (Vesting
Listing).
**More Information
You assign vesting schedules to plans in the Vesting Compensation form tab in
BN15.1 (Benefit Plan).
Updated Files
CKPOINT - The Checkpoint file is the environment file used for recovery.
VESTSCHDDT - The Benefit Plan Vesting Schedule file is accessed by this
program.
VESTSCHDHD - The Vesting Schedule Detail file is accessed by this program.
Referenced Files
BNCOMPANY - The Benefit Company Parameters file is used to verify company
information.
PLAN - The Benefit Plan file is used to verify benefit plans.
PRSYSTEM - The HR Company and Process Levels file is used when payroll
run flags are updated for mid-year or mid-cycle flex changes.
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