D.C. Mun. Regs. tit. 6, r. 6-B2605

Current through Register Vol. 71, No. 44, November 1, 2024

Rule 6-B2605 - VESTING REQUIREMENTS

2605.1

A participant shall become fully vested in his or her benefits in the 401(a) Plan when the employee:

(a) Attains age sixty-five (65) and separates prior to meeting the vesting requirement;

(b) Becomes entitled to disability benefits under the Social Security Act;

(c) Dies while employed with the District; or

(d) Prior to December 8, 2009, completes five (5) years of creditable service in covered employment.

2605.2

Effective December 8, 2009, a participant who is not vested in the 401(a) Plan under the terms set out in § 2605.1, shall become partially and fully vested in his or her benefits in the Plan according to the following schedule:

Years of Creditable Service	Vested Percentage
Less than 2	0%
2	20%
3	40%
4	60%
5 or more	100%

D.C. Mun. Regs. tit. 6, r. 6-B2605

Final Rulemaking published at 37 DCR 954 (February 2, 1990); amended by Final Rulemaking published at 67 DCR 004744 (5/1/2020)