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Service years - PowerPoint PPT Presentation


Chapter 20

Chapter 20

Chapter 20. VESTING OF BENEFITS. Right to receive benefits NOT contingent upon continued employment. PLAN FUNDING. CONTRIBUTORY : Employees pay part of funding. NONCONTRIBUTORY : Employees DON’T pay. To record PENSION EXPENSE is simple:. Prepaid asset for over

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IMPORTANT MILESTONES IN YEARS OF SERVICE AT ATRS

IMPORTANT MILESTONES IN YEARS OF SERVICE AT ATRS

IMPORTANT MILESTONES IN YEARS OF SERVICE AT ATRS. FIVE Years. VESTED. Eligible for Retirement Benefit, Disability Benefit, Survivor Benefit. 5. 5. 1. 2. 3. 4. 0. TEN Years. Death Benefit. Active or Retired Member $10,000 Contributory $6,667 Noncontributory

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