ELECTIVE SERVICE CREDITING. (1.56(C)). The Plan must credit Related Employer Service under Section 1.23(C) and also must credit certain Predecessor Employer/Predecessor Plan Service under Section 1.56(B). The Plan also elects under Section 1.56(C) to credit as Service the following Predecessor Employer service (Choose one of (a) or (b)):
ELECTIVE SERVICE CREDITING. If the Employer does not maintain the plan of a Predecessor Employer, the Plan does not credit Service with the Predecessor Employer, unless the Employer in its Adoption Agreement (or in a Participation Agreement, if applicable) elects to credit designated Predecessor Employer Service and specifies the purposes for which the Plan will credit service with that Predecessor Employer. Unless the Employer under its Adoption Agreement provides for this purpose specific Entry Dates, an Employee who satisfies the Plan’s eligibility condition(s) by reason of the crediting of predecessor service will enter the Plan in accordance with the provisions of Article II as if the Employee were a re-employed Employee on the first day the Plan credits predecessor service.
ELECTIVE SERVICE CREDITING. Except as provided in Section 1.66(B), the Plan does not credit Service with the Predecessor Employer unless the Employer, in its Adoption Agreement (or in a Participation Agreement, if applicable) elects to credit designated Predecessor Employer Service and specifies the purposes for which the Plan will credit service with that Predecessor Employer. Unless the Employer under its Adoption Agreement provides for this purpose specific Entry Dates, an Employee who satisfies the Plan’s eligibility condition(s) by reason of the crediting of Predecessor Employer Service will enter the Plan in accordance with the provisions of Article 2 as if the Employee were a re-employed Employee on the first day the Plan credits Predecessor Employer Service. If the Plan is an ERISA Plan, then Service crediting under this provision will comply with Treas. Reg. §1.401(a)(4)-11(d)(3).
ELECTIVE SERVICE CREDITING. If the Employer does notmaintain the plan of a Predecessor Employer, the Plan doesnot credit Service with the Predecessor Employer, unless theEmployer in its Adoption Agreement (or in a ParticipationAgreement, if applicable) elects to credit designatedPredecessor Employer Service and specifies the purposes for which the Plan will credit service with that Predecessor Employer. Unless the Employer under its AdoptionAgreement provides for this purpose specific Entry Dates, anEmployee who satisfies the Plan's eligibility condition(s) byreason of the crediting of predecessor service will enter thePlan in accordance with the provisions of Article II as if theEmployee were a re-employed Employee on the first day the Plan credits predecessor service.
ELECTIVE SERVICE CREDITING
