Guest mbb03 Posted May 9, 2003 Posted May 9, 2003 We have a client who wants to change their vesting schedule so it applies to each yearly deposit individually. We won't do this and are pretty sure there is a reg that speaks to this but are unsure. Does anyone have any info.
MGB Posted May 9, 2003 Posted May 9, 2003 What you are describing is known as "class year vesting." This was made illegal under the Tax Reform Act of 1986, although fairly common prior to that.
Guest mbb03 Posted May 9, 2003 Posted May 9, 2003 Thank you very much, that is exactly what I was looking for
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