What does vested mean?

Answer by  Chaneygirl (1755)

Vested means the entire balance is yours, as in vested interest. Many employers tier their retirement plan matching over a certain amount of years, meaning you have to be employed with the company and in the plan a certain amount of years before the matching part is really yours.

Answer by  sami (14)

Vested means the amount, an employer contributed in an employee account. Company that offers a pension plan, the employee "vests" in it by fulfilling certain obligations as defined.