THIRD SCHEDULE
Vesting for Savings Account
The portion of moneys in a serviceman’s Savings Account specified in the second column below shall vest in the serviceman upon the serviceman completing the number of years of reckonable service specified in the first column.
First column | Second column | |
Length of reckonable service in years or part thereof | Vesting | |
Not more than 6 years | Nil | |
More than 6 years but not more than 7 years | 20% | |
More than 7 years but not more than 8 years | 40% | |
More than 8 years but not more than 9 years | 60% | |
More than 9 years but not more than 10 years | 80% | |
More than 10 years | 100%. |