Full Version: Gvoernmental 401 vesting years of service
Can a governmental 401(a) plan define a year of service for vesting purposes to be more than 1,000 hours in a 12-consecutive moth period? If yes, is there a limit to how many hours can be required in order to be credited with a year of service?
QUOTE (Steven N @ Feb 8 2010, 12:49 PM) 
Can a governmental 401(a) plan define a year of service for vesting purposes to be more than 1,000 hours in a 12-consecutive moth period? If yes, is there a limit to how many hours can be required in order to be credited with a year of service?
government plans can set any period of service they want to use.
QUOTE (mbozek @ Feb 8 2010, 01:45 PM)
government plans can set any period of service they want to use.
... within the contraints of the plan document, local statute, and (most commonly) state statute.
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