Year of Service for Participation. For participation purposes, an Employee will be credited with a Year of Service [Check one. See Section 3.1(b)(3) and Section 3.1(d).]
(1) [ x ] Standard: at the end of the Computation Period in which the Employee completes at least 1,000 Hours of Service.
(2) [ ] on the date on which the Employee completes at least [not more than 1,000] Hours of Service.
(3) [ ] at the end of the Computation Period on which the Employee completes at least [not more than 1,000] Hours of Service. Notwithstanding the foregoing, if a partial Year of Service is selected in Part III.B, no minimum number of Hours of Service will be required.
Year of Service for Participation. (a) A "Year of Service for Participation" shall mean a Plan Year during which a Clergyperson is both Licensed and employed in Active Parish Ministry for at least 520 hours. For a Clergyperson’s first “Year of Service for Participation,” the Clergyperson receives a full "Year of Service for Participation" for the calendar year in which he/she first is both Licensed and in Active Parish Ministry regardless of hours served.
(b) Notwithstanding the foregoing:
(i) in the case of a Clergyperson who would have become a Participant prior to January 1, 2012 but for his/her failure to enroll to make Mandatory Clergyperson Contributions (as such term was defined in the Plan at such time), and who first became a Participant on January 1, 2012, service prior to January 1, 2012 shall not constitute Years of Service for Participation; and
(ii) Service excluded under Section 10.06 (relating to re•employment following a cash-out distribution) shall not constitute Years of Service for Participation.
(c) For periods prior to January 1, 2021, "Credited Service" (as defined in the Plan previously in existence) shall count as Years of Service for Participation for purposes of determining a Clergyperson's Accrued Benefit accrued for such periods. However, effective for periods of service on and after January 1, 2021, the definition as set forth above shall apply for purposes of determining "Years of Service for Participation."
(d) In addition, effective January 1, 2021, the Senior Pastor of a church affiliated with the Plan Sponsor shall not be credited with Years of Service for Participation for any period for which such affiliated church fails to make contributions in such amounts as required by the Plan Sponsor; provided that, if such affiliated church subsequently enters into a written agreement with the Plan to make contributions, upon full satisfaction of the terms of such agreement prior to such Senior Pastor commencing distribution, such Senior Pastor shall immediately and automatically be credited with Years of Service for Participation for the period(s) to which those back-due contributions relate.
Year of Service for Participation. (1) [X] STANDARD: At the end of the Computation Period in which the Employee completes at least 1,000 Hours of Service.
(2) [_] On the date on which the Employee completes at least ______ [not more than 1,000] Hours of Service.
(3) [_] At the end of the Computation Period on which the Employee completes at least _____ [not more than 1,000] Hours of Service. Notwithstanding the foregoing, if a partial Year of Service is selected in Part III.B, no minimum number of Hours of Service will be required.
