Forfeiture Account. A forfeiture account is an unallocated suspense account that holds amounts forfeited when an employee has a severance from employment with the employer and fails to satisfy the vesting requirements of the employer plan. The forfeiture account accumulation is the total amounts held in such an account.
Appears in 8 contracts
Samples: Tiaa Separate Account Va-3, Tiaa Separate Account Va-3, Tiaa Separate Account Va-3
Forfeiture Account. A forfeiture account is an unallocated suspense account that holds amounts forfeited when an employee has a severance from employment with the employer and fails to satisfy the vesting requirements of the employer plan. The forfeiture account accumulation is the total amounts held in such an account.. CREF Retirement Choice Plus Annuity Contract
Appears in 1 contract
Samples: College Retirement Equities Fund
Forfeiture Account. A forfeiture account is an unallocated suspense account that holds amounts forfeited when an employee has a severance from employment with the employer and fails to satisfy the vesting requirements of the employer plan. The forfeiture account accumulation is the total amounts held in such an account.. CREF Retirement Choice Annuity Contract
Appears in 1 contract
Samples: College Retirement Equities Fund
