Jump to content

Recommended Posts

Posted

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.

Posted

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.

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
×
×
  • Create New...

Important Information

Terms of Use