All in a day's work

[Mark Cavazos]

A TPA forwarded an email to a colleague. The client was upset that someone would get a full year of vesting service for 1,000 hours. In his opinion, a full year was 4,000 hours (80 hours a week for 50 weeks). He did not care what the IRS said, it is his plan so only his opinion counts.

Just wanted to share a chuckle.

[tommie frazier]

why stop at 80 a week? is that a nod to being reasonable?

[WWSituation]

http://news.hereisthecity.com/news/b...ns?goback=.hom

[Woodrow]

Did someone get a year of vesting for working 80 hours a week for 3 months? I can see where that would seem odd.

[JMO]

I forget the exact terminology, but in maritime(?) industries, I recall that 125 days gives you a year for vesting. That seems to be 56 hours a week.

[Kenny]

Originally Posted by Woodrow

Did someone get a year of vesting for working 80 hours a week for 3 months? I can see where that would seem odd.

For an hourly job, that is possible. If the position is salaried they aren't going to get credit for more than 40 hrs for a week.

For some of my hospital clients it isn't unusual for nurses to have nearly 4000 hours in some years.

[JMO]

When I was working in pensions, a long time ago, some of the data was screwy. We had some ssn's with more than 4000 hours of credit. Investigation showed that some employees were using one social security number for the whole family. That probably wouldn't happen now. For many reasons.

[Lane Meyers]

Originally Posted by JMO

When I was working in pensions, a long time ago, some of the data was screwy. We had some ssn's with more than 4000 hours of credit. Investigation showed that some employees were using one social security number for the whole family. That probably wouldn't happen now. For many reasons.

Well, I doubt the quality of data is any better these days, so you never know...

[tymesup]

Originally Posted by JMO

When I was working in pensions, a long time ago, some of the data was screwy. We had some ssn's with more than 4000 hours of credit. Investigation showed that some employees were using one social security number for the whole family. That probably wouldn't happen now. For many reasons.

I had the opposite - employees using multiple SSN's. What looked like a large restaurant with 50 ees was really only 4.