joel Posted January 30, 2004 Posted January 30, 2004 Does this bill include local government employers?
jevd Posted January 30, 2004 Posted January 30, 2004 Here is the language. it removes the reference to educational organization. Somebody please explain what this really does? SECTION 1. CONTRIBUTIONS TO SECTION 403(b) PENSION PLANS ALLOWED BY STATE GOVERNMENT EMPLOYERS. (a) In General- Clause (ii) of section 403(b)(1)(A) of the Internal Revenue Code of 1986 is amended by striking `, who performs services for an educational organization described in section 170(b)(1)(A)(ii),'. (b) Effective Date- The amendment made by this section shall apply to years beginning after the date of the enactment of this Act. JEVD Making the complex understandable.
Everett Moreland Posted January 30, 2004 Posted January 30, 2004 the bill include local government employers
mbozek Posted January 30, 2004 Posted January 30, 2004 By eliminating the above clause, it allows employer contributions to a 403(b) annuity for employees of any govt employer, not just public school employees, in an amount permitted under IRC 415. mjb
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