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Entry Date for Predecessor Service


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Guest Serena
Posted

The plan at hand credits prior service with a predecessor employer. Employee is hired by successor employer and has his years of service credited for eligibility and vesting. So far so good. But how do the entry dates apply? Are they credited/waived if employee would have met such date, or does the employee have to be held out until next entry date which is not unitl January 1?

Thanks!

Posted

It depends on how your plan document is written. We have two - one stated that they came in immediately, the other - they waited until the next entry date. It was specific in the plan document. Written purposely so it was easy to determine.

Pat

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