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Credit for previous years of service

Guest Cath

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I am being rehired after a job elimination (2 years have gone by). I want to know if the 4 years and 9 mos of prior service can be credited towards vesting?

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Probably depends on the terms of the plan. The portion of ERISA and the Internal Revenue Code that cover vesting specifically exempt church plans.

I'm a retirement actuary. Nothing about my comments is intended or should be construed as investment, tax, legal or accounting advice. Occasionally, but not all the time, it might be reasonable to interpret my comments as actuarial or consulting advice.

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