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When submitting census data, why are birth dates necessary?

April 26, 2017birth census Data dates necessary

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When submitting census data, why are birth dates necessary?

1 Answer

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10 Posted

Plans generally have an age requirement for eligibility and/or vesting; b)The tax consequences can differ for employees who terminate after certain ages; and c)Owners and their immediate family members are required to take minimum distributions from the plan when they attain age 701/2. 4.