62. Crediting years of service - vesting

Statement of Requirement: Code §I RC 411(a)(4)

Document Provision: _____

Sample Adoption Agreement Language:

All of an employee’s years of service with the employer shall be counted to determine the nonforfeitable percentage in such employee’s employer-provided accrued benefit except (mark

319 | Defined Benefit Plan LRM Package 08/2020 06/2026

all that apply):

4. ( ) Years of service before age 18,

5. ( ) Years of service during a period for which the employee made no mandatory contributions,

6. ( ) Years of service before the employer maintained this plan or a predecessor plan,

7. ( ) Years of service before January l, 1971, unless the employee has at least 3 years of service after December 31, 1970, and

8. ( ) Years of service before the effective date of ERISA if such service would have been disregarded under the break in service rules of the prior plan in effect from time to time before such date. For this purpose, break in service rules are rules which, because of an employee’s separation or failure to complete a required period of service within a specified period of time, result in the loss of prior vesting or benefit accruals or deny an employee’s eligibility to participate.