DPL Posted February 22, 2019 Posted February 22, 2019 If effective date of ESOP is 1/1/18 and service for vesting is measured from the effective date forward, how do you calculate the vesting for someone hired 2/9/16 under the elapsed time method? From 2/9/17-2/8/18?
DPL Posted February 25, 2019 Author Posted February 25, 2019 I meant to say from 2/9/18-2/9/19. So the participant would have less than 1 YOS at 12/31/18. Lot's of viewers but no takers?
CuseFan Posted February 25, 2019 Posted February 25, 2019 Simple, the vesting clock starts ticking on the later of the plan's effective date or the employee's date of hire. Kenneth M. Prell, CEBS, ERPA Vice President, BPAS Actuarial & Pension Services kprell@bpas.com
Mike Preston Posted February 25, 2019 Posted February 25, 2019 1 hour ago, CuseFan said: Simple, the vesting clock starts ticking on the later of the plan's effective date or the employee's date of hire. CuseFan is right. The OP is applying the concept of vesting computation periods.
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