stephen20 Posted July 3, 2020 Posted July 3, 2020 Plan Entry Requirements are: 21 year of age, 1000 Hours, Entry-01/01 & 07/01. Break in service- 5 Mr.xz is employed on 01/05/2018 and terminated on 08/29/2018, in the mean time he did 1000 hours. After that he rehired on 09/11/2019.. What will be his entry date? I'm so confused about rehired. Please guide me on this issue.
ESOP Guy Posted July 3, 2020 Posted July 3, 2020 A well written document, not all of them are well written, will guide you through the process. If this is a prototype read the base document and see if it breaks down how rehires are supposed to be handled. A good when will go through the various possible fact patterns and you should find the one that guides you to the right conclusion. I would say Mike is right but the working through the document would be a good exercise. When I get stuck mentally on an issue like this reading the document again gets my mind back to where it needs to be on the issue. stephen20 1
stephen20 Posted July 4, 2020 Author Posted July 4, 2020 15 hours ago, ESOP Guy said: A well written document, not all of them are well written, will guide you through the process. If this is a prototype read the base document and see if it breaks down how rehires are supposed to be handled. A good when will go through the various possible fact patterns and you should find the one that guides you to the right conclusion. I would say Mike is right but the working through the document would be a good exercise. When I get stuck mentally on an issue like this reading the document again gets my mind back to where it needs to be on the issue. Thanks for your insights.
stephen20 Posted July 4, 2020 Author Posted July 4, 2020 19 hours ago, Mike Preston said: 9/11/2019 Thanks for your insights.
MWeddell Posted July 6, 2020 Posted July 6, 2020 I agree. It depends what is in the plan document but the answer very likely is 9/11/2019. Mr. xz has a year of eligibility service on 1/4/2019 and reaches his entry date on 7/1/2019. He is not employed on 7/1/2019 so he isn't eligible. When rehired on 9/11/0219, he will be recredited with his previous eligibility service and become eligible immediately.
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