JAY21 Posted August 24, 2004 Posted August 24, 2004 A participant is in a state sponsored contributory DB plan that qualifies as a "government pick-up plan", therefore employee contributions are pre-tax. If the same employee also benefits under a private employer 401(k) plan I would assume that the 402(g) limit under the plan (13k for 2004) is not affect by pre-tax contributions under the gov't DB plan, is that correct ?
SoCalActuary Posted August 24, 2004 Posted August 24, 2004 If you define gov't pickup as "the employer pays the required employee contribution to the contributory db plan", then your idea makes sense. But I would suggest you go to the Calhoun forum on gov't plans.
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