Idaho Admin. Code r. 59.01.01.545

Current through September 2, 2024

Section 59.01.01.545 - PRE-ERISA VESTING RULES

01.Termination or Partial Termination. Upon the effective date of any termination or partial termination or upon a complete discontinuation of contributions:

a. No persons who were not theretofore members shall be eligible to become members;

b. No further benefits shall accrue; and

c. The accrued benefits of all members not theretofore vested and not theretofore forfeited shall immediately become fully vested.

Idaho Admin. Code r. 59.01.01.545

Effective July 1, 2024