Guest wjr Posted October 11, 2001 Share Posted October 11, 2001 I realize a distribution from a "funded" 457(B) governmental plan can be transferred to another "funded" 457(B) plan, or even more portable next year. However, can an "unfunded" 457(B) for a private tax-exempt be transferred to a "funded 457(B) governmental plan? And if so, does a separate account have to be set up like rollovers from other plan types next year? Link to comment Share on other sites More sharing options...
Carol V. Calhoun Posted October 14, 2001 Share Posted October 14, 2001 Good question! Rollovers to other types of plans are limited to governmental 457(B) plans. However, before EGTRRA, direct transfers from one 457(B) plan to another were allowed. Does anyone have thoughts on whether one can still transfer from a private 457(B) plan to a governmental 457(B) plan? And if so, is any separate accounting required to prevent the governmental plan being used as a conduit for an otherwise impermissible transfer from a private 457(B) plan to a 401(a) or 403(B) plan? Employee benefits legal resource site The opinions of my postings are my own and do not necessarily represent my law firm's position, strategies, or opinions. The contents of my postings are offered for informational purposes only and should not be construed as legal advice. A visit to this board or an exchange of information through this board does not create an attorney-client relationship. You should consult directly with an attorney for individual advice regarding your particular situation. I am not your lawyer under any circumstances. Link to comment Share on other sites More sharing options...
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