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In Rev. Rul. 2003-47, IRS Describes a Valid Length-of-Service Award 457 Plan
Internal Revenue Service [IRS]
[Official Guidance] May 1, 2003
Excerpt: HOLDINGS: ... County C's Plan is a length of service award plan described in § 457(e)(11)(A)(ii). The Plan, therefore, is not subject to § 457(a) or § 457(f).... Awards paid under the Plan are not wages for purposes of FICA taxes.
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