Guest PAINPA Posted October 14, 2005 Posted October 14, 2005 County plan has offered early retirement incentives and buyouts to eligible employees. A substantial severance payment is being offered to each participant. Can the participant elect to defer any/all of the severance payment to the 457 plan? The severance payment will be treated as W-2 wages and distributed on 1/6/2006, which is after those employees who elected the offer are no longer employed. Under what circumstances can they defer it or not? Thank you.
Guest PAINPA Posted October 19, 2005 Posted October 19, 2005 No bites from anyone on this topic?????????????
QDROphile Posted October 19, 2005 Posted October 19, 2005 What do you think about Treas. Reg. sections 1.457-2(g) and 1.457-4(d)(2)? No direct answer, but food for thought.
Guest KCW Posted November 17, 2005 Posted November 17, 2005 You'd better check state law, but it looks to as though the Treasury Department allows it now. Read page 10 of this. http://www.treasury.gov/press/releases/reports/13024104.pdf
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