Santo Gold Posted September 29, 2006 Posted September 29, 2006 A tax-exempt local government money purchase plan has a GUST document, which uses a vesting schedule that starts at 0% for years 1 and 2, and does not fully vest until year 8. Normally this would not be permitted, but is there an exception for government plans?
david rigby Posted September 29, 2006 Posted September 29, 2006 Is the governmental plan subject to IRC 411? 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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