what happens to my serp if i quit 
if you leave your job what happens to your supplemental executive retirement plan serp depends on the conditions set in your agreement with the company if your serp was based on a vesting structure and you part ways with your employer before you are fully vested then the assets you are not vested in are not yours there are two vesting structures according to the irs graded vesting and cliff vesting the former distributes assets in a set periodic schedule over time for example 20 per year whereas the latter distributes assets all at once after a certain period of time for example after an employee has worked for four years at a company 2who funds a serp the employer funds the supplemental executive retirement plan serp it is typically funded through a cash value life insurance policy which the employer purchases for an agreed upon amount for the employee the policy may have survivor benefits for the executive s beneficiaries 