1-year break in service
Defined in 2 places across 2 titles of the United States Code.
(A) For purposes of this paragraph, the term "1-year break in service" means a calendar year, plan year, or other 12-consecutive-month period designated by the plan (and not prohibited under regulations prescribed by the Secretary) during which the participant has not completed more than 500 hours of service.
Source
- 1994–202529 U.S.C. § 1053Labor · Minimum vesting standards · in this section
For purposes of this paragraph, the term “1-year break in service” means a calendar year, plan year, or other 12-consecutive-month period designated by the plan (and not prohibited under regulations prescribed by the Secretary) during which the participant has not completed more than 500 hours of service.
Source
- 2013–present29 U.S.C. § 1053Labor · Minimum vesting standards · in this section
For purposes of this paragraph, the term “1-year break in service” means a calendar year, plan year, or other 12-consecutive-month period designated by the plan (and not prohibited under regulations prescribed by the Secretary of Labor) during which the participant has not completed more than 500 hours of service.
Source
- 1994–present26 U.S.C. § 411Internal Revenue Code · Minimum vesting standards · in this section