flosfur Posted July 5, 2005 Posted July 5, 2005 A calendar yr plan's entry dates are 1/1 & 7/1. A participant who was eligible to enter on 07/01/04 terminated on that date with 1,040 hours of credited service. Hours required for benefit accrual are 1,000. Assuming, he worked on 07/01/04, does the participant accrue a benefit under the plan? I think he does.
Blinky the 3-eyed Fish Posted July 5, 2005 Posted July 5, 2005 Can you think of a reason why he wouldn't? "What's in the big salad?" "Big lettuce, big carrots, tomatoes like volleyballs."
could be me maybe not Posted July 6, 2005 Posted July 6, 2005 Could it be that he failed to make mandatory employee contributions, fishy?
david rigby Posted July 6, 2005 Posted July 6, 2005 Aside from the unlikely plan provision of EE contributions, it seems even more unlikely that the participant failed to make "mandatory contributions" prior to the date of participation. 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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