Guest Brian Cox Posted June 27, 2001 Posted June 27, 2001 Under EGTRRA, beginning 2002, contributions to 403(B) plans do not count against 457(B) contributions. Does that mean a public school employee could contribute $11,000 to a 403(B) AND $11,000 to a 457(B)...for a total of $22,000 for the year?
Guest John Copoulos Posted June 27, 2001 Posted June 27, 2001 It appear to me that this tax savings "windfall" is possible ... assuming they earn in excess of $22,000. I'd be interested in other opinions and whether such 403 and 457 contributions need to be aggregated with employer contributions to other plans such as 401 DC and DB plans. - John
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