DTH Posted February 27, 2018 Report Share Posted February 27, 2018 Can a governmental 401(a) DC plan require rehired eligible employees, who were 100% vested at termination, to repay their entire distribution in order to have vesting service restored? The rehire would need to repay the distribution the earlier of 5 years after their rehire date or 5 years after the distribution was paid. If paid within this period the rehire will be 100% vested. (Yes, they want the 5-year period to begin after the distribution date and not the termination date.) Thank you. Link to comment Share on other sites More sharing options...
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!Register a new account
Already have an account? Sign in here.Sign In Now