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I just noticed there was a greater than 1 year break in service here (March '12 to October '13). I say you restart the clock, as the service-spanning rule is not in effect. If employment continues, the employee will become a participant on the entry date following January 25, 2014. The "year of service" requirement is there to say: if you don't work the requisite time, but work more than 1,000 hours you are in. It doesn't have anything to do with: Poor guy. You didn't work three months the first time around, so now you have to work 1,000 hours...

Doh! Good case of adjusting the facts to protect the innocent, and in the process changing the situation entirely... Actually terminated at age 58, thus the interest in the exception.

Test done. A lot like the practice exam (whew). Guess I'll find out in 6 to 8 weeks... BTW, went to the bar AFTER the test. Had a couple yummy Bass Ales.

Wouldn't an excel spreadsheet capable of making such calculations be "pension software"? It's the "other relevant parameters" - they would have to include mortality rates and, if relevant, rates of compensation increases, not to mention termination rates, disability rates, etc. If pension software is not available, what purpose would be served by developing estimated annual costs by participant? It's hard enough to divorce such estimates from the value of actual benefit entitlements when one has access to full calculations consistent with the determination of the annual plan contribution.