Forfeiture - Benefits Glossary

The part of an employee’s account balance (employer contributions) that is lost because it is not vested when the employee terminates employment.

Is unlimited time off the right PTO approach?
Unlimited PTO is gaining popularity as a way to attract and retain talent. But switching from accrued time off to unlimited time off may not be the best choice for everyone, and the change isn't always easy. Here are some tips for a smooth transition.
Benefits Glossary