(1) A qualified participant is immediately 100% vested in his or her contributions made to Tier 2.

  (2) A qualified participant who is a member of Tier 1 vests in the employer contributions made on his or her behalf to Tier 2 according to the following schedule:

  (a) On completion of 2 years of service, 50%.

  (b) On completion of 3 years of service, 75%.

  (c) On completion of 4 years of service, 100%.