Guest erisagal Posted September 1, 2006 Posted September 1, 2006 Is a plan required by law, unless otherwise provided by contract, to credit interest on pick up contributions of a participant prior to the particpant becoming vested in a pension benefit under the plan? Participants who terminate employment prior to becoming vested and withdrawal the monies, to include interest can receive a hefty payout...taking the interest with seems to erode the funding position of the plan and therefore not in the best interest of the plan. Any thoughts?
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