FAQ 591: Terminated employees--Separating vested and non-vested portions of account


On a valuation that I am working on, there are four participants who terminated employment during a prior year. The system is listing two separate accounts for these individuals: one account reflects their vested balance and the second account reflects their non-vested balance. Is this a new feature? Do we have the option to show the two separate accounts or one account?


You have an option when you update a case to a new year to select "Create ZZ records for part-vested terms". If this option is selected, the system will split the terminated employees' accounts into vested and non-vested participant records. It is designed to allow the user to treat the amounts differently for earnings allocation purposes. If you don't want to split out these amounts, don't select this option when you update the plan.