Glossary

360-degree performance appraisals

incorporate several sources of pertinent information to give a more complete (and presumably) less biased assessment of job performance. Examples of pertinent sources include supervisor, coworkers, and clients.

403(b) plans

are a type of defined contribution plan that apply to employees of public educational institutions (e.g., state colleges and universities) and private tax-exempt organizations (e.g., charitable organizations, state-supported hospitals).

457 plans

are a type of defined contribution plan that apply to state government workers.

6-year graduated schedule

allows workers to become 20 percent vested after 2 years and to vest at a rate of 20 percent each year thereafter until they are 100 percent ...

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