MMC maintains a qualified defined benefit idea for eligible employees, with an effectual date of January 1, 1990. The plan year for participation and vesting purposes is the calendar year. Eligibility is age 21 + one year wait + salaried status, with monthly entry dates; Vesting is the 3-to-7 graded plan, with 1,000 hours needed in a plan year.
a. Harriet was born on 18th November, 1957 and hired as a full-time hourly employee of MMC on 1st December, 1988. She transferred to full-time salaried status on 1st June, 1990.
- Evaluate her entry date into the plan?
- Determine Harriet's vesting years as of 31st December, 2000?