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Greater Than 20 Pct Downsizing Vests Benefits of Severed (Nonvested) Employees  IRS Picks Up On Logic of Seventh Circuit


Author:  Staff Editors.


Source: Volume 21, Number 02, November/December 2007 , pp.62-64(3)




Journal of Taxation and Regulation of Financial Institutions

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Abstract: 

The question raised in Rev. Rul. 2007-43 was whether a partial termination has occurred such that all participating employees, including nonvested employees, who received severance must be fully vested in their accrued benefits, to the extent funded on that date, or in the amounts credited to their accounts. The answer was that this was such a partial termination.

Keywords: Qualified plans

Affiliations:  .

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