Vesting Question

[Guest greymann]

At the time a participant terminates employment, the plan's vesting schedule is X. The participant leaves his or her account in the plan. Later, after this termination of employment, the plan amends the vesting schedule to a more generous Y. Which vesting schedule (X or Y) applies to this participant? Thanks in advance.

[Dave Baker]

Oughta turn on the language of the amendment. If it's worded carefully, it would apply only to persons have at least an hour of service on or after the effective date.