What are eligible periods of IPP Past Service?
The granting of Past Service is optional. Past Service commences at the later of: the member’s date of hire the Company’s date of incorporation January 1, 1991. Past Service ends the day prior to the effective date of the IPP. For example, if the IPP is effective on January 1, 2009 then Past Service could be from January 1, 1991 to December 31, 2008. IMPORTANT: The entire period of Past Service need not be granted at Plan implementation. IMPORTANT: The granting of Past Service requires satisfaction of the PSPA through a Qualifying Transfer, certification of a provisional PSPA, or a combination of both.
The granting of Past Service is optional. Past Service commences at the later of: the members date of hire; the Companys date of incorporation; and January 1, 1991. Past Service ends the day prior to the effective date of the IPP. For example, if the IPP is effective on January 1, 2008 then Past Service could be from January 1, 1991 to December 31, 2007. IMPORTANT: The entire period of Past Service need not be granted at Plan implementation. IMPORTANT: The granting of Past Service requires satisfaction of the PSPA through a Qualifying Transfer, certification of a provisional PSPA, or a combination of both. IMPORTANT: Our IPP On-Line Quoting System automatically calculates the Past Service available to the member.
