Citi Benefits Handbook
Years of Service
Beginning January 1, 2021, the methodology used to determine your years of service for vesting purposes has changed. Previously, you received vesting credit for each calendar year in which you were credited with at least 1,000 Hours of Service with the Company*. Beginning January 1, 2021, vesting under the Plan is now based on the elapsed time method. Hours of service are not counted and instead periods of service are computed. A period of service is determined based on the time you work for the Company. Only your whole years of service with the Company will be counted to compute your years of service. For example, if you have two years and nine months of services, then for vesting purposes you will receive credit for two years of service.
* Any Plan participant who was employed by Citi on May 31, 2009, and transferred to the joint venture created with Morgan Stanley became fully vested in his or her Plan account on June 1, 2009 or on the date the participant transferred to the joint venture.