Guest lightfingers Report post Posted September 11, 2007 May a governmental plan qualified under Section 401(a) accept rollovers by employee/participants from another qualified plan or IRA in which they participated? Share this post Link to post Share on other sites
Guest cprbcompliance Report post Posted December 5, 2007 May a governmental plan qualified under Section 401(a) accept rollovers by employee/participants from another qualified plan or IRA in which they participated? Governmental plans can accept rollovers in order to purchase service credit. Share this post Link to post Share on other sites
QDROphile 209 Report post Posted December 5, 2007 Qualified governmental plans are generally no different from other qualified plans with respect to rollovers. Share this post Link to post Share on other sites
mctoe 1 Report post Posted November 10, 2016 Qualified governmental plans are generally no different from other qualified plans with respect to rollovers. At separation of service from a gov't DB plan is a participant permitted to rollover governmental 457(b) funds to the DB plan to purchase an "annuity" (increased pension benefit). The participant would not be purchasing service credits. Share this post Link to post Share on other sites
Carol V. Calhoun 41 Report post Posted January 24, 2017 On 11/10/2016 at 10:57 AM, mctoe said: At separation of service from a gov't DB plan is a participant permitted to rollover governmental 457(b) funds to the DB plan to purchase an "annuity" (increased pension benefit). The participant would not be purchasing service credits. It depends on the terms of the DB plan. A DB plan is permitted, but not required, to accept rollovers. And if it accepts them, it can provide for whether they simply go into an account for the participant, or may be used to purchase an annuity. 1 Share this post Link to post Share on other sites
