Public Employees Retirement Plan

[Guest LSULLIVAN]

What kind of retirement plan is this? Can this be rolled into a 401k?

[Ron Snyder]

What kind of retirement plan is what?

Public employees retirement plans are generally qualified defined benefit or defined contribution (457) plans. Either can be rolled over into a 401(k) plan, if the governmental plan provides for cashout of benefits. (Most don't unless the participant is willing to forfeit the employer-funded portion of the benefit.)

[QDROphile]

Although qualified government plan and government 457(b) plan distributions can be eligible for rollover to a 401(k) plan, the 401(k) plan has to allow it and many will not, especially with respect to 457(b) plans.