Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Are there a minimum number of years of participation required before a participant qualifies for the maximum retirement benefit?

April 26, 2017benefit maximum minimum participant participation qualifies retirement

0

Posted

Are there a minimum number of years of participation required before a participant qualifies for the maximum retirement benefit?

1 Answer

0

Posted

If a participant has less than ten years of participation in the Plan at retirement, the dollar limitation is reduced by 10% for each year of participation less than ten. There is no similar requirement for years of service.