How to Terminate a 457?

[Guest getaxa]

How do you terminate a Govenmental 457(b)? and is this a distributable event?

Thanks for any info.

[mbozek]

What does the plan say? Like any other funded plan, all assets must be distributed in accordance with the terms of the plan but there is no filing with the IRS. The distribution is a taxable event but rollovers are permitted.