Guest SAG Posted September 21, 1999 Posted September 21, 1999 Plan sponor wants to vest all current participants 100% and then subject new employees to the vesting rules. Does anyone see a problem with this? What would be the best way to go about this?
david rigby Posted September 21, 1999 Posted September 21, 1999 Not sure about the "problem" issue. I ahve seen this type of provision often, although the historical reasons are quite varied. To do it, you need a valid and timely amendment. The amendment (and adopting resolution) should be very explicit about who is affected and who is not. 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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