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Full Version: Further Question on IRC Code 414(u) military deferral, Rev Proc 96-49, CFR, IRC Code 414(u) military deferral, Rev Proc 96-49, CFR

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Enda80

Apr 15 2008, 08:37 PM

IRC Code 414(u) military deferral, Rev Proc 96-49, CFR, IRC Code 414(u) military deferral, Rev Proc 96-49, CFR et al.

Military leave

Somebody returns from military service, they left work in June, they resume work, therefore they are entitled for a contribution for the year they left, even if they left before they could work 1,000 hours.

All clear.

Not so clear; what is the contribution based on?

Actual compensation from the year the person left?
Compensation from above extrapolated for an entire year? (Say you worked six months and made $10,000, do they extrapolate $20,000 for a full year?)
Compensation from last full year worked?

GMK

Apr 16 2008, 08:30 AM

Generally it's the compensation the reemployed veteran would have received (including raises, etc.) had the person been at work during the period of military service.

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