DPL Posted February 22, 2019 Share Posted February 22, 2019 If effective date of ESOP is 1/1/18 and service for vesting is measured from the effective date forward, how do you calculate the vesting for someone hired 2/9/16 under the elapsed time method? From 2/9/17-2/8/18? Link to comment Share on other sites More sharing options...
DPL Posted February 25, 2019 Author Share Posted February 25, 2019 I meant to say from 2/9/18-2/9/19. So the participant would have less than 1 YOS at 12/31/18. Lot's of viewers but no takers? Link to comment Share on other sites More sharing options...
CuseFan Posted February 25, 2019 Share Posted February 25, 2019 Simple, the vesting clock starts ticking on the later of the plan's effective date or the employee's date of hire. Kenneth M. Prell, CEBS, ERPA Vice President, BPAS Actuarial & Pension Services kprell@bpas.com Link to comment Share on other sites More sharing options...
Mike Preston Posted February 25, 2019 Share Posted February 25, 2019 1 hour ago, CuseFan said: Simple, the vesting clock starts ticking on the later of the plan's effective date or the employee's date of hire. CuseFan is right. The OP is applying the concept of vesting computation periods. Link to comment Share on other sites More sharing options...
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