Full Version: Changing to a hybrid plan
If a governmental plan (who currently has 5 year cliff vesting) changes their plan to be a hybrid plan, do they have to change their vesting to a 3 year cliff?
Depends on state statute.
Governmental plans are exempt from IRC 411, to the extent it meets certain requirements as in effect 09/01/1974.
Governmental plans are exempt from IRC 411, to the extent it meets certain requirements as in effect 09/01/1974.
QUOTE (david rigby @ Feb 8 2010, 03:30 PM) 
Depends on state statute.
Governmental plans are exempt from IRC 411, to the extent it meets certain requirements as in effect 09/01/1974.
Governmental plans are exempt from IRC 411, to the extent it meets certain requirements as in effect 09/01/1974.
Thanks, David.
This is a "lo-fi" version of our main content. To view the full version with more information, formatting and images, please click here.