ishi Posted March 24, 2003 Posted March 24, 2003 Assume company X and company Y enter into a joint venture (X and Y are not in the same controlled group). At that time, X entices a few employees from Y to work for X in order to make the JV work (i.e. for a bona fide business reason). Can company X include these employees under their DB plan using all years of service with Y and X for benefit accrual service? If so, must they carve out benefits earned under company Y's DB plan? Thanks in advance! ------------------------------------- Ishi, the last of his tribe Ishi, the last of his tribe
MGB Posted March 26, 2003 Posted March 26, 2003 You can always have any amount of service (I know of a plan that grants prior service for any work a person has ever did with any employer before becoming employed by the plan sponsor). There is no need to offset prior accrued benefits.
Everett Moreland Posted March 26, 2003 Posted March 26, 2003 Revenue Ruling 99-51 might be relevant. I don't pretend to understand that ruling.
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