Normal retirement age in multiple plans

[Ken Davis]

The proposed regs., at 1.457-4©(3)(v), state that an entity sponsoring more than one 457 plan must have the same normal retirement age under all the plans.

The State of Alabama sponsors a 457 plan that has a NRA of 60. All state employees, including employees of the Univ. of South Alabama, may contribute to the plan. Beginning 1/1/02, the University of South Alabama adopted a 457 plan for its employees, and uses a NRA of 65.

If the wording of the proposed regulation is adopted in final form, must the University's 457 plan change its NRA to 60?

Thanks,

Ken Davis

Univ. of South Alabama