Catch-UP Contributions

[Guest caroline84]

I have read several articles that say some employers are hesitant to include the new catch-up contribution language in their plan because there are nearly "two dozen states" that don't automatically conform to federal laws, one of which is California and these contributions could be subject to the state income tax. How do I find out what the other states are?

[MGB]

Updated through 3/8/02 (as states introduce or pass new legislation, it is updated):

http://www.americanbenefitscouncil.org/iss...stateupdate.htm

Or, go to their site (www.americanbenefitscouncil.org), click on issues on the left, then retirement, then state issues. That page has a link to this document along with other specific documents on individual state updates as they occur.

[MWeddell]

According to an American Benefits Council call last week, only one state (Indiana maybe, I don't recall for sure) has passed legislation removing itself from the list. Otherwise, the March list continues to be up to date.

[Guest ndt123]

Iowa and Maine are both conforming as of a week or so ago.

[Guest rmeigs]

The list of nonconforming states as of April 2 included: Arizona, Arkansas, California, Georgia, Hawaii, Indiana, Iowa, Kentucky, Massachusetts, North Carolina, South Carolina and Wisconsin.

[Guest pcjackson]

The conforming legislation for

KY was signed by the Gov on 4/24/2002

SC was signed by the Gov on 4/22/02

so both of these states should be removed from the list of nonconforming states.

[Guest Dook]

Can anyone confirm if Iowa, Maine, Kentucky and South Carolina passed retroactive conformity laws?

Thanks!