Minimum hours for year of credited service

[Pension RC]

I am working on a plan that requires 1950 hours for a year of credited service. I thought that it couldn't exceed 1000 hours. Can it? Can someone point me to the right section of the IRC?

Thanks for any responses!

[Andy the Actuary]

In retirement, have given all my books to the war paper drive, so can't help on specific reference. Recollection, however, is can require more than 1,000 hours for full-credit but must grant partial credit if greater than 1,000 hours. This I believe was described in an DOL reg. 2530-200b.

[Griswold]

IRC 410(a)(3)(A).

[Peter Gulia]

Could the provision you're reading be about a year of participation and an accrual computation period?

If so, 29 C.F.R. 2530.204-2 shows examples of how a plan may require 2,000 hours of accrual service for a full year of participation.

[AndyH]

In retirement, have given all my books to the war paper drive, so can't help on specific reference.

We weren't all invited to your party?

[Belgarath]

So all the books would be considered an Andy WarHaul?

[david rigby]

IRC 410(a)(3)(A).

Note that this IRC section is the definition of "participating service", not accrual (or benefit) service.

[My 2 cents]

Can condition accrual of a full year of benefit accrual service on more than 1,000 hours in a year, but not vesting service.