On the recordJanuary 27, 2004
Theoretically, a new employee would be a new benefit, but the reality is that since the accrual or the benefit is usually a 3- to 5-year time period, new employees would not in fact be covered.
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govinfo.govTheoretically, a new employee would be a new benefit, but the reality is that since the accrual or the benefit is usually a 3- to 5-year time period, new employees would not in fact be covered.
Discussing employee benefits and accrual periods.
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Mr. Chairman, Representative Jacobs, the fact is that our current system has deteriorated and aged to the point that we wouldn't be confident in the deterrent value of it on out into the future.