What is vesting?

Vesting gives a plan member ownership of the employer’s DPSP contributions.  A DPSP can have a maximum vesting period of two years from the plan enrollment date. If an employee terminates their employment before they vest in the plan, the account value will be forfeited and returned to the employer, and the member’s RRSP contribution room will be restored. An employer can override vesting in special circumstances, such as retirement or voluntary termination.