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☆ Why Warblers Flock to Wealthier Neighborhoods
▼ + stars: | 2023-11-21 | by ( Hillary Rosner | ) www.nytimes.com time to read: +2 min

The evolutionary effects of redlining are percolating through urban wildlife populations, but they are not yet set in stone. Not only does the composition of wildlife differ between neighborhoods, but so does the incidence of people looking for wildlife. Diego Ellis Soto, a Ph.D. student at Yale, found that across the country, historically redlined neighborhoods were the least studied areas for bird diversity. Mr. Ellis Soto, who is from Uruguay, said he was shocked when he arrived in New Haven and saw how segregated the city was. “How can we protect what we don’t have information for?” Mr. Ellis Soto said.

Persons: ” Chloé Schmidt, Schmidt, “, “ Redlining, redlining, ”, Dr, Katti, Diego Ellis Soto, Ellis Soto, Mr Organizations: German Center, Integrative Biodiversity Research, Yale Locations: New Jersey, U.S, Uruguay, New Haven

The national championship game in women's basketball last spring was unforgettable for a lot of good reasons. The game will also be remembered for its controversial officiating and The Associated Press has learned that an NCAA review concluded the refereeing did not meet expectations. The organization had planned a review of NCAA Tournament officiating after the 2024 championship concludes next April, but it was sped up by a year after criticism of the LSU-Iowa showdown. “Doing that assessment was a good step showing that they are trying to address it.”The NCAA review was conducted by the Pictor Group. In the past, some of the NCAA Tournament officials would also work WNIT games.

Persons: Angel Reese, Caitlin Clark, Lynn Holzman, Reese, ”, Courtney Banghart, “, ” Holzman, Clark Organizations: LSU, Iowa, Associated Press, NCAA, Basketball Coaches, Pictor, NCAA women’s, AP, womens Locations: Iowa, North Carolina

☆ These are the 11 best US cities for retirees — and only one is in Florida
▼ + stars: | 2023-11-07 | by ( Noah Sheidlower | Kelsey Neubauer | ) www.businessinsider.com time to read: +3 min

U.S. News and World Report released its latest list of the best places to retire in 2024. Cities in Pennsylvania dominated the list, while only one spot in Florida made it in. Smaller cities in Pennsylvania took seven of the top 10 spots, in part because they are more affordable relative to bigger metropolitan areas in the region. Only one of Florida's metropolitan areas made the top 10; it's possible that the relatively lower taxes were outweighed by the risk of hurricane flooding. Here are U.S. News' top 11 cities to retire, worth a look for their affordability and more.

Persons: —, Beverly Harzog, Rowe Price Organizations: . News, Service, U.S . News, News, New, U.S . Locations: Pennsylvania, Florida, Harrisburg , Pennsylvania, Harrisburg, America, U.S, Florida's, New York

☆ Ray Dalio once interrogated his pregnant protégé in front of his top execs until she cried
▼ + stars: | 2023-11-06 | by ( Rob Copeland | ) www.businessinsider.com time to read: +11 min

She was one of Ray Dalio's favorites. Dalio announced to the room that he would first "probe" and then deliver what he called a "diagnosis." The Fund: Ray Dalio, Bridgewater Associates, and the Unraveling of a Wall Street Legend by Rob Copeland. Excerpted from THE FUND: Ray Dalio, Bridgewater Associates, and the Unraveling of a Wall Street Legend by Rob Copeland. He then became an investigative reporter at a prominent newspaper and made a career of writing distorted stories about Bridgewater and Ray Dalio, at first in articles and now in this book.

Persons: Ray Dalio's, Katina Stefanova, mentee, Dalio, Stefanova, wasn't, lackeys, Bridgewater, hadn't, Who, Dalio's leveragers, Ray Dalio, Rob Copeland, Ray, Dustin Hoffman's Oscar Organizations: Bridgewater Associates, Bridgewater, Transparency, Martin's, Martin's Publishing, New York Times, Wall Street Journal Locations: Bridgewater, Bridgewater's Westport, Conn, St

☆ Ray Dalio Interrogated His Pregnant Employee Until She Cried: Book
▼ + stars: | 2023-11-06 | by ( Rob Copeland | ) www.businessinsider.com time to read: +11 min

She was one of Ray Dalio's favorites. The Fund: Ray Dalio, Bridgewater Associates, and the Unraveling of a Wall Street Legend by Rob Copeland. Excerpted from THE FUND: Ray Dalio, Bridgewater Associates, and the Unraveling of a Wall Street Legend by Rob Copeland. A spokesperson for Ray Dalio told Insider, "This book is just another one of those classic tabloid books, authored by someone who applied for a job at Bridgewater and was rejected more than a decade ago. He then became an investigative reporter at a prominent newspaper and made a career of writing distorted stories about Bridgewater and Ray Dalio, at first in articles and now in this book.

☆ The 10 best states for millennials—New York and California didn't make the list
▼ + stars: | 2023-10-29 | by ( Celia Fernandez | ) www.cnbc.com time to read: 1 min

It can be tough to be a millennial. They want to retire millionaires but are struggling to balance lifestyle costs and financial goals. While many factors can contribute to this, where millennials live can affect how well they can do. Metrics included cost of living, homeownership rate, unemployment rate, average income, retirement age and average FICO score. New York and California might be major work hubs for millennials, but neither state made the top 10.

Organizations: New Locations: New York, California

☆ A zoom call by the beach? Here are the 10 best 'workcation' cities for remote workers
▼ + stars: | 2023-10-26 | by ( Charmaine Jacob | ) www.cnbc.com time to read: +1 min

The pandemic might be over, but working remotely is a trend that's set to stay as millennials and Gen Z's continue to work while visiting their favorite destinations. That's according to WorkMotion, a Berlin-based human resource platform, which analyzed 85 cities around the globe to see how easy and attractive they were for remote workers. The report refers to "workcation" as a short term residence — of about 12 months or fewer — in a country while working remotely for a existing employer. "Not many cities can offer them all, but it's undeniable that cities legislating to attract remote workers become far more attractive than those that don't," he said, elaborating that only a handful of cities in the study offered remote workers a digital nomad visa that would allow them to continue employment in the country they relocated to. Only 17 out of the 85 cities offer a digital nomad visa for remote workers.

Persons: Workations, Gen Z's, Carsten Lebtig Locations: Berlin

☆ How Bank of America trains young grads to work with its richest clients
▼ + stars: | 2023-10-26 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +6 min

The private bank division, which has $573 billion in client assets, hired 47 analysts this past summer, up 75% from last year. "That's been feedback from years past," said Miller, who oversees talent development for the private bank. Analysts start client-facing work after five weeks of trainingPrivate bank trainees start with a five-week orientation. The last three weeks focus on the operations of the private bank, and executive leaders come in to meet the analysts. For the first rotation, analysts shadow top private bank advisors.

Persons: isn't, Bank of America's Jennifer Loughlin Miller, Miller, John F, headcount, It's Organizations: of America, Bank of America, Bank of America's, Kennedy Presidential Library, Bank of Locations: New York City, Boston

WASHINGTON, Oct 24 (Reuters) - U.S. regulators will begin grading banks on which communities and geographies they service via online lending under tougher new rules modernizing fair lending standards to be finalized on Tuesday. The changes to 1977 Community Reinvestment Act (CRA) regulations draw a line under a contentious multiyear effort that was delayed amid fierce lobbying by community groups and lenders, as well as by a change of presidential administrations. Conceived to prevent red lining, CRA regulations are central to banks' overall supervisory performance. Historically, CRA grades focused on how well banks serviced low-income communities where banks have branches. Banks on Tuesday said they supported fair lending but flagged concerns with the final rule.

Persons: Michael Barr, Michelle Bowman, Banks, Randy Benjenk, Lindsey Johnson, Pete Schroeder, Andrea Ricci, Michelle Price, Marguerita Choy Organizations: Federal, Fed, Federal Deposit Insurance Corporation, Office, Covington, Consumer Bankers Association, Thomson Locations: U.S, Burling

AI (Artificial Intelligence) letters are placed on computer motherboard in this illustration taken June 23, 2023. “It is clear over the last three years that transparency is on the decline while capability is going through the roof," said Stanford professor Percy Liang, a researcher behind the Foundation Model Transparency Index. Foundation models are AI systems trained on massive datasets that can perform a variety of tasks from writing to coding. The index’s authors hope that the report will encourage companies to increase their foundation model transparency, and also serve as a starting point for governments grappling with how to regulate the burgeoning field. The index is a project from the Stanford Institute for Human-Centered Artificial Intelligence’s Center for Research on Foundation Models.

Persons: Dado Ruvic, Percy Liang, Amazon’s, OpenAI’s, Anna Tong, David Gregorio Our Organizations: REUTERS, Stanford University, Google, Stanford, Microsoft, Stanford Institute for, for Research, Thomson Locations: San Francisco

☆ Organic? Free range? What do food labels actually mean?
▼ + stars: | 2023-10-07 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +8 min

New York CNN —Navigating the grocery aisle is overwhelming, especially when trying to make sense of food labels. Shoppers who want to know where their food comes from, or how long it will last, have to work even harder. Government agencies have strict guidelines for food safety and nutrition labels on packaged foods. But other information like sell-by dates or animal welfare labels are less regulated — and some are effectively meaningless. Here’s how to know what you’re looking at when you’re reading food labels.

Persons: Scott Olson, “, ”, “ FSIS, Dena Jones, Jones Organizations: New, New York CNN, Nutrition, Shoppers, Government, USDA, ” Companies, Safety, USDA’s Agricultural Research Service, Animal Welfare Institute, Global Animal Partnership Locations: New York, Chicago

☆ Cramer gives six reasons investors are currently selling off
▼ + stars: | 2023-09-21 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer on Thursday proposed six reasons why investors are selling and bringing the market down. Interest rates: Cramer said rates can be a good reason to sell. Macroeconomic weakness: "Macro" headwinds add risk to companies trying to close deals and may create a "difficult adjustment" for investors, Cramer said. Fear of giving up on gains: Cramer said investors may sell to lock in gains they've made earlier in the year. According to Cramer, investors selling because of fear translates to selling low and buying high.

Persons: CNBC's Jim Cramer, Cramer, they've, nobody's, That's Organizations: Federal Reserve, Democratic, Republican, United Auto Workers

☆ $10,000 bill from Great Depression era sells for $480,000 at auction
▼ + stars: | 2023-09-20 | by ( Amarachi Orie | ) edition.cnn.com time to read: +2 min

CNN —A rare $10,000 bill dating back to the Great Depression has sold for $480,000 at auction. Issued in 1934, the Federal Reserve note was certified by Paper Money Guaranty (PMG) and was Exceptional Paper Quality (EPQ) graded, according to Dallas-based auction house Heritage Auctions. A rare 1899 double eagle $20 gold coin featuring a portrait of the head of Liberty topped the Coins auction. Heritage AuctionsTopping the house’s parallel coins auction was a rare 1899 double eagle $20 gold coin featuring a portrait of the head of Liberty. Only 84 coins of its kind were issued, and only about 30 are thought to still be around, according to the auction house.

Persons: Lincoln’s, Salmon, “, ”, Dustin Johnston, ” Johnston, Todd Imhof Organizations: CNN, Money Guaranty, Treasury, Heritage, Federal, Museum of American Finance, US, of Engraving, Liberty Locations: Dallas, Boston

☆ Bad news, star employees: You're not the ones who'll benefit the most from AI
▼ + stars: | 2023-09-18 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +3 min

Consultants using AI completed tasks faster and produced higher-quality results than those without, according to a new study. The greatest gains were seen by below-average performers using AI, per the study's authors. AdvertisementAdvertisementThey were then assigned a series of practical consulting tasks for a fictional shoe company and had their performance graded by human and AI raters. The greatest gains were seen by below-average performers using AI, whose average performance improved by 43%. Their above-average counterparts only saw an average performance increase of 17% from using AI.

Persons: ChatGPT, Ethan Mollick, — Organizations: Service, Boston Consulting Group, Harvard, MIT, University of Warwick, University of Pennsylvania, Fortune Locations: Wall, Silicon, Wharton

☆ Alcaraz and Djokovic on course for another Grand Slam showdown
▼ + stars: | 2023-09-08 | by ( ) www.reuters.com time to read: +3 min

Defending champion Alcaraz, 20, won his second major at the All England Club in July and said it would be "great" to play three-time U.S. Open winner Djokovic in the showpiece. "It would be great to play a final against Novak here in New York but we both have really tough semi-finals," Alcaraz said. "Last year I was facing my first semi-final of a Grand Slam. In-form Djokovic, 36, will replace Alcaraz as world number one after the tournament and is on the hunt for his 24th Grand Slam title to match Margaret Court's all-time singles record. Now in his first Grand Slam semi-final in only his fifth appearance at majors, Shelton is up for the daunting challenge of squaring off against Djokovic.

Persons: Serbia's Novak Djokovic, Taylor Fritz, Brendan Mcdermid, Carlos Alcaraz, Novak, Alcaraz, Djokovic, Daniil Medvedev, Medvedev, Daniil I, Daniil, Andrey Rublev, Carlos, Margaret Court's, Ben Shelton, Michael Chang, Ben, That's, Shelton, who's, I'm, Hritika Sharma, Christian Radnedge Organizations: Tennis, U.S, REUTERS, Wimbledon, All England Club, Wells, Alcaraz, Djokovic, Thomson Locations: Flushing Meadows , New York, United States, New York, Flushing Meadows, American, Hyderabad

☆ New boss will be EIB’s chance to stay relevant
▼ + stars: | 2023-09-07 | by ( Rebecca Christie | ) www.reuters.com time to read: +5 min

Flags are seen behind the logo of the European Investment Bank in the city of Luxembourg, Luxembourg, March 25, 2017. Reuters/Eric Vidal Acquire Licensing RightsBRUSSELS, Sept 7 (Reuters Breakingviews) - The European Investment Bank has a chance to remake itself when it gains a new leader next year. The EIB has been making infrastructure loans since 1958, and now channels some 65 billion euros in annual financing to the economy. To do that, the next EIB chief will need to let the bank shoulder more risk, as suggested by Vestager on Thursday. By comparison, the World Bank has $240 billion loans outstanding.

Persons: Eric Vidal, Werner Hoyer, Nadia Calviño, Denmark’s Margrethe Vestager, Daniele Franco, Teresa Czerwińska, Thomas Östros, Vestager, Margrethe Vestager, Spain’s Nadia Calviño, Poland’s Teresa Czerwińska, Italy’s Daniele Franco, Sweden’s Thomas Östros, Denmark’s Vestager, Neil Unmack, Streisand Neto Organizations: European Investment Bank, Reuters, Rights, Spanish, World Bank, AAA, European Union, Financial Times, European Investment, Union, Thomson Locations: Luxembourg, Rights BRUSSELS, Italian, Europe, Ukraine, France, Spain

☆ ‘Swifterature:’ Belgian university launches course to analyze Taylor Swift lyrics
▼ + stars: | 2023-08-15 | by ( Leah Dolan | ) edition.cnn.com time to read: +5 min

CNN —Poetry, prose and now songwriting: Ghent University in Belgium is launching a new literature course dedicated to the literary merit of Taylor Swift’s discography. “Highly prolific and autobiographical in her songwriting, Swift makes frequent allusions to canonical literary texts in her music,” the class syllabus explains. “Using Swift’s work as a springboard, we will explore, among other topics, literary feminism, ecocriticism, fan studies, and tropes such as the anti-hero. In 2016, the University of Texas launched an English Literature course unpacking Beyoncé’s visual album “Lemonade” and its relationship to Black feminism. “But if anyone can teach you a lesson in how to respond to trolls, it’s Taylor Swift,” she concluded.

Persons: Taylor, Elly McCausland, McCausland, Sylvia Plath, Charles Dickens, William Shakespeare —, Geoffrey Chaucer’s “, Criseyde, Charlotte Brontë’s “, Margaret Atwood, Simon Armitage, “, Swift, Taylor Swift, ” McCausland, ”, Sylvia Plath’s, —, I’ll, “ I’m, There’s, it’s Taylor Swift Organizations: CNN, Ghent University, Oxford University, University of York, University of Oslo, New York University, Arizona State University, Berklee College of Music, Rice University, University of Texas, University of Copenhagen Locations: Belgium, Charlotte Brontë’s “ Villette, ”, ’, United Kingdom, Norway, Europe, United States, Houston

☆ UBS to pay $1.4 billion over fraud in residential mortgage-backed securities
▼ + stars: | 2023-08-14 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

Swiss bank UBS agreed to pay a combined $1.4 billion in civil penalties over fraud and misconduct in its offering of residential mortgage-backed securities dating back to the global financial crisis, federal prosecutors announced Monday. The cumulative recoveries in the cases now total $36 billion, according to the Justice Department. UBS' settlement is nearly the same as the value of the residential mortgages it originated between 2005 and 2007, the year it stopped issuing residential mortgage-backed securities. UBS originated $1.5 billion in residential mortgages in those three years, the bank previously said in a 2018 statement challenging the Justice Department allegations. "The vast majority of loans underlying the 40 RMBS listed in the complaint were originated by other financial institutions," UBS said at the time.

Persons: Goldman Sachs Organizations: UBS, U.S . Department of Justice, Justice Department, The, Bank of America, Citigroup, General Electric, JPMorgan, Wells, Wells Fargo . Credit Suisse Locations: Wells Fargo ., Swiss

☆ What are neopronouns and how do you use them?
▼ + stars: | 2023-08-12 | by ( Scottie Andrew | ) edition.cnn.com time to read: +12 min

And then there are neopronouns (“new” pronouns), gender-neutral or nonbinary pronouns that are distinct from the common she, he and they. All pronouns indicate identity and can be used to include or exclude people they describe — neopronouns included, said Dennis Baron, one of the foremost experts on neopronouns and their histories and an emeritus professor of English and Linguistics at the University of Illinois at Urbana-Champaign. Other neopronouns are completely original to their user – some may choose to select a noun to describe themselves, like “star” or “starself” in place of binary pronouns like “she” or “herself.” These are called nounself neopronouns, but more on those later. Why people use neopronounsPeople may use neopronouns for the same reason someone else uses “she” and/or “they” — neopronouns may better align with one’s identity. An intro to nounself neopronounsLeaf, sun, star — nounself pronouns are neopronouns that use nature and other inspirations as nonbinary or genderless descriptors.

Persons: CNN —, ”, they’re, Dennis Baron, ” Baron, “, ” Neopronouns, Janelle Monáe, Emma Corrin, Jonathan Van Ness, Neopronouns, nonbinary, Baron, xyr, heer, ze, Ze, hirself, fay, Fae, Ey, —, Dua Saleh, who’s, Saleh, ” “, ” Saleh, aren’t, ” CNN’s Harmeet Kaur, he’s, “ heer, himer ”, Ella Young, ” Young, JWL, Noah Webster’s, Webster, thon ”, Charles Crozat Converse, thon, Michael Spivak, Jason D’Angelo, fandoms, Ehm Hjorth Miltersen, one’s, ” Miltersen, Miltersen Organizations: CNN, University of Illinois, “, Human Rights, Human, Netflix, Chicago Tribune, Sacramento Bee, Merriam, Webster, New York Times Locations: Urbana, Champaign, England, ”, Chicago

☆ X CEO Linda Yaccarino explains reason for getting rid of Twitter name
▼ + stars: | 2023-08-10 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

X CEO Linda Yaccarino told CNBC on Thursday that the company's decision to get rid of its Twitter branding reflects owner Elon Musk's vision for the app. "Elon has been talking about X, the everything app, for a very long time," Yaccarino said in an interview with CNBC's Sara Eisen. "Even when we announced that I was joining the company, I was joining the company to partner with Elon to transform Twitter into X, the everything app." Yaccarino, who started the job in June, said Musk has been working up to this since buying Twitter late last year. "If you stay Twitter, or you stay whatever your previous brand is, change tends to be only incremental.

Persons: Linda Yaccarino, Elon, Yaccarino, CNBC's Sara Eisen, Musk, you'll, Eisen, Johnson Organizations: CNBC, Twitter

☆ UK university marking strike leaves thousands of students stuck in limbo
▼ + stars: | 2023-07-27 | by ( Kylie Maclellan | ) www.reuters.com time to read: +6 min

A spokesperson for Britain's Home Office said international students without results can request a letter of confirmation from their sponsor or return to their home country and apply for another student visa. The University of Edinburgh said 27% of final year students had not received their degree at the time of graduation. International students pay much more, providing a vital source of income. Research published by Universities UK International in May found the 2021/22 intake of international students contributed 41.9 billion pounds to the UK economy. "Every year, universities in the UK are depending more and more on the finances of international students," said Hendricks.

Persons: Maja Smiejkowska, Amelia Dias, Dias, Anna Hendricks, Ailsa Watt, Watt, Gillian Keegan, Hendricks, Kylie MacLellan, Jan Harvey Organizations: London College of Communication, University of the Arts London, REUTERS, University of Edinburgh, Colleges Employers Association, University and College Union, National Union of Students, University of Cambridge, University, Scottish, International, British Council, Times Higher, Higher Education Statistics Agency, Universities UK International, Thomson Locations: London, Britain, Edinburgh, British, Florida, Spanish, Shanghai

☆ Kentucky man digs up 'insane' treasure trove of over 700 Civil War-era gold coins — and they could be worth millions
▼ + stars: | 2023-07-15 | by ( Alia Shoaib | ) www.businessinsider.com time to read: +2 min

A Kentucky man found a hoard of over 700 Civil War-era coins on his farm. The coins, which have been dubbed the "Great Kentucky Hoard," could be worth millions. The cache of gold coins, dubbed the "Great Kentucky Hoard," dates between 1840 and 1863, according to GovMint.com. "Those are all $1 gold coins, $20 gold coins, $10 gold coins." "The opportunity to handle the 'Great Kentucky Hoard' is one of the highlights of my career.

Persons: Jeff Garrett, Garrett, Ryan McNutt, Confederate John Hunt Morgan's Organizations: Service, Indians, Liberty Double Eagles, GovMint, Federal Reserve Bank of Atlanta, Numismatic Guaranty Company, Georgia Southern University, Confederate Locations: Kentucky, Wall, Silicon, Georgia

☆ Franchising industry holds its breath as FTC takes a closer look at regulations
▼ + stars: | 2023-07-05 | by ( Kate Rogers | ) www.cnbc.com time to read: +7 min

The FTC told CNBC it received more than 5,500 comments on the inquiry, indicating "broad interest in ensuring fairness in franchising." The agency sought input from stakeholders, including franchise operators, workers and parent corporations, as it scrutinizes franchising practices. Industry watchers say an initial proposal from the FTC on franchise rule amendments could come as soon as the end of year. The NOA's public submission said, "The McDonald's system was, and could again be, the gold standard for the franchise business model. "Since McDonald's founding in 1955, our franchising model has successfully served the brand, franchisees, employees and the local communities we operate in."

Persons: Lina, Matt Haller, they're, Haller, franchisors, McDonald's, NOA, Danielle Marasco, Marasco Organizations: FTC, CNBC, Federal Trade Commission, Franchise Association, Microsoft, Activision, Twitter, Industry, IFA, Service Employees International Union, Strategic, Marriott, Hilton, Brands, National Owners Association, National Locations: U.S, McDonald's, Marriott, California

☆ Your 401(k) match is 'free money'—but you might not be able to take it with you when you leave
▼ + stars: | 2023-06-23 | by ( Ryan Ermey | ) www.cnbc.com time to read: +4 min

Here's what she and other financial pros say you should know about your 401(k) match. How a 401(k) match worksFirst, a quick reminder of how 401(k) matches work and why financial planners love them so much. "I would invest enough to get the company match first, before paying off high interest rate loans," says Jeremy Finger, a CFP and founder of Riverbend Wealth Management. What is a 401(k) vesting schedule? Any 401(k) match you receive from your employer likely comes with some strings attached.

Persons: Kevin Brady, Catherine Valega, Jeremy Finger, they've, you'll Organizations: Wealthspire Advisors, CNBC, Green Bee, Riverbend Wealth Management, Employers Locations: New York City, Winchester , Massachusetts

☆ Thanks to vesting schedules, it can take up to 6 years for workers to own their 401(k) match
▼ + stars: | 2023-05-26 | by ( Greg Iacurci | ) www.cnbc.com time to read: +1 min

One important note: An employee always fully owns their own contributions. watch nowMore than 44% of 401(k) plans offer immediate full vesting of a company match, according to the PSCA survey. Cliff vesting grants ownership in full after a specific point. For example, a saver whose 401(k) uses a three-year cliff vesting fully owns the company match after three years of service. For example, someone who gets 40% of a $5,000 match can walk away with $2,000 plus 40% of any investment earnings on the match.

Persons: Iparraguirre, Cliff vesting Organizations: Federal

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