6-B DCMR 2605

2605. VESTING REQUIREMENTS

Last amended: 2020Length: 163 wordsOfficial source

Cite as D.C. Mun. Regs. tit. 6-B, ยง 2605

2605 VESTING REQUIREMENTS 2605.1 A participant shall become fully vested in his or her benefits in the 401(a) Plan when the employee: Attains age sixty-five (65) and separates prior to meeting the vesting requirement; Becomes entitled to disability benefits under the Social Security Act; Dies while employed with the District; or 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 ยง 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% SOURCE: Final Rulemaking published at 37 DCR 954 (February 2, 1990); as amended by Final Rulemaking published at 67 DCR 4743 (May 1, 2020). District of Columbia Municipal Regulations Government Personnel 6-B DCMR ยง 2605
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