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                            1852.237-71   Pension portability.
        
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NFSPart Number: 1852
        
                  

                                
                  
        NASA Federal Acquisition Regulation Supplement
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1852.237-71 Pension portability.1852.237-71 Pension portability.       As prescribed at 1837.110–70(b), insert the following clause:                                  Pension Portability (JAN 1997)                                  (a) In order for pension costs attributable to employees assigned to this contract to be allowable costs under this contract, the plans covering such employees must:                                  (1) Comply with all applicable Government laws and regulations;                                  (2) Be a defined contribution plan, or a multiparty defined benefit plan operated under a collective bargaining agreement. In either case, the plan must be portable, i.e., the plan follows the employee, not the employer;                                  (3) Provide for 100 percent employee vesting at the earlier of one year of continuous employee service or contract termination; and                                  (4) Not be modified, terminated, or a new plan adopted without the prior written approval of the cognizant NASA Contracting Officer.                                  (b) The Contractor shall include paragraph (a) of this clause in subcontracts for continuing services under a service contract if:                                  (1) The prime contract requires pension portability;                                  (2) The subcontracted labor dollars (excluding any burdens or profit/fee) exceed $2,500,000 and ten percent of the total prime contract labor dollars (excluding any burdens or profit/fee); and                                  (3) Either of the following conditions exists:                                  (i) There is a continuing need for the same or similar subcontract services for a minimum of five years (inclusive of options), and if the subcontractor changes, a high percentage of the predecessor subcontractor's employees are expected to remain with the program; or                                  (ii) The employees under a predecessor subcontract were covered by a portable pension plan, a follow-on subcontract or a subcontract consolidating existing services is awarded, and the total subcontract period covered by the plan covers a minimum of five years (including both the predecessor and successor subcontracts).                               (End of clause)    **Parent topic:**  Subpart 1852.2—Texts of Provisions and Clauses
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