oldman Posted March 8, 2013 Posted March 8, 2013 Can a Gov't 401(a) not credit a year of vesting service for the followng reasons: -Periods of layoffs; and -If participant is not employed on the last day of the plan year.
PensionPro Posted March 8, 2013 Posted March 8, 2013 Yes as long as there is no discrimination in favor of officers, shareholders or highly compensated employees. PensionPro, CPC, TGPC
Carol V. Calhoun Posted March 19, 2013 Posted March 19, 2013 For a governmental 401(a), there are no shareholders, and discrimination in favor of officers or highly compensated employees would be irrelevant. Governmental plans are explicitly exempted from nondiscrimination rules. Employee benefits legal resource site The opinions of my postings are my own and do not necessarily represent my law firm's position, strategies, or opinions. The contents of my postings are offered for informational purposes only and should not be construed as legal advice. A visit to this board or an exchange of information through this board does not create an attorney-client relationship. You should consult directly with an attorney for individual advice regarding your particular situation. I am not your lawyer under any circumstances.
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