Citi Benefits Handbook
If You Are Rehired
If you are not fully vested when you leave the Company and are subsequently rehired, your period of severance can affect your vesting service for your Company Fixed Contribution Account and Company Transition Contribution Account.
- If you are rehired before you incur five consecutive periods of severance, your non-vested account attributable to your employment before your termination will be restored when you return. Any service credit earned for vesting purposes before you left will be restored, and you will continue toward vesting in your non-vested account balance. Your prior years of service will also count for vesting in future Company Fixed Contributions allocated to your account following your re-employment.
- If you are rehired after you incur five consecutive periods of severance, your non-vested account attributable to your employment before termination will not be restored. In addition, your prior years of services will be restored for vesting in future Company Fixed Contributions allocated to your account following your re-employment only if you had a vested interest in any contributions before your termination of employment. For this purpose, if you made Before-Tax Contributions or Roth After-Tax Contributions to the Plan before termination, you are considered to have a vested interest.
Note: If you terminate employment and are subsequently rehired by the Company, you are no longer eligible to receive a Company Transition Contribution. In addition, you are not permitted to repay any amount previously distributed to you.