Current Plan Year Clause Samples

The "Current Plan Year" clause defines the specific 12-month period during which a benefit plan, such as a health or retirement plan, is in effect for participants. This period is typically set by the plan sponsor and may align with the calendar year or a fiscal year, depending on the organization's policies. By clearly establishing the timeframe for eligibility, contributions, and coverage, the clause ensures that all parties understand when plan provisions apply, thereby preventing confusion and disputes regarding benefits administration.