Related Posts
We are hiring-healthcare consulting managers at RSM.
More Posts
In pre onboarding form epam is asking contact number and email id of ex supervisors and hrs from my past organizations. I don't have contact details of my managers with whom I worked 8 years ago. All other companies only ask experience certificate only which I have. How to tackle this?EPAM Anywhere EPAM Systems
Additional Posts in Accounting
Is IT audit as bad as people make it out to be?
New to Fishbowl?
unlock all discussions on Fishbowl.




Or at age 59.5. Whatever occurs first.
I’m vested but I think it will be a cold day in hell before I see any money from that pension.
Look in the plan documents. There is probably a plan year and a number of hours you must work to get a vesting period in that plan year.
Age + Years of Service = 72, or 59.5 years old. Whichever happens first
Is it a defined benefit pension, or defined contribution?
Don’t think any firms have defined benefit anymore.
It’s defined benefit. Last of a dying breed. The plan year is April to March but if you go on SSC and pull down your statement it tells you all the details.
There’s a requirement to work 1,000 hours in a plan year as well I believe. If you are trying to time your vesting with when you want to quit, I’d call the plan administrator and ask the specifics.
As an example, I was a January 2015 hire and my latest statement says I have 2 years of plan service. My best guess is I will fully vest April 2018.
I *think* that vesting period starts immediately but where I was getting confused is when you are eligible (after 1 year). So I think everyone who comes into to the plan already has one year of service.
Assuming contribution...
Kpmg still has a pension?
It's a cash plan
They had a dbp about 10 years ago.
Defined benefit.
So years of service for vesting starts on April basically?