Guest walter1 Posted August 24, 1999 Posted August 24, 1999 I am currently researching bridge in service policies for new hires. I am looking for any information concerning benefits given to re-hires. Also, what are the minimum and maximum number of months used to determine what benefits will be given and how to calculate the adjusted seniority date/ Thank you in advance for your assistance!
david rigby Posted August 25, 1999 Posted August 25, 1999 In a prior life, I was a benefits manager for a utility company with 20K employees. There was a personnel policy that service would be bridged (for seniority purposes) when an EE had been rehired for 5 years, even if the break was several years in length. This policy got incorporated into the qualified DB plan, and other benefit isssues such as vacation schedule, etc. Otherwise I can't help you directly, but perhaps the Message Boards can. There have been some discussion threads on this topic in the past. I suggest that you search the Message Boards for such words as "bridge" or "bridging" or "rehire" etc. You might also try searching the entire BenefitsLink site. Go to the whatsnew page, explore and search. Good luck. [This message has been edited by david rigby (edited 08-25-1999).] 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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