K-t-F Posted June 12, 2006 Posted June 12, 2006 CPA has asked the question... I have a plan where an employee moved from being a union EE to a management EE (non union). The Union EEs have their own plan and the management EEs have thier own plan. For eligibility purposoes, when would we start counting the hours for the EE who just became management? From the beginning of the year or from the point where she became management forward? Its not easy being green
david rigby Posted June 12, 2006 Posted June 12, 2006 Voting has nothing to do with this. See ERISA sec. 202, DOL reg. 2530.202. 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.
J2D2 Posted June 12, 2006 Posted June 12, 2006 Which I believe will state that the eligibility computation period starts with employment commencement date (sorry for the inartful "date of hire" reference).
K-t-F Posted June 12, 2006 Author Posted June 12, 2006 So being in the union has nothing to do with anything except for determining which plan she is eligible for. The thinking is that the employee earned wages from the employer, end of story. Those hours worked as a union member count . Thanks Its not easy being green
J2D2 Posted June 12, 2006 Posted June 12, 2006 Bingo! Oops . . . if I can't vote I probably shouldn't gamble either. Sorry.
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