Randy Watson Posted May 24, 2010 Posted May 24, 2010 The special catch up appears to increase the contribution limit for the last 3 years prior to normal retirement age. Is this an employee based catch up like the age 50 catch up? In other words, can the amounts that relate to the special catch up be non-elective contributions or must they be salary deferrals? I don't have a lot of experience with 457(b)s, so please don't bash me!
TLGeer Posted May 24, 2010 Posted May 24, 2010 The special catch up appears to increase the contribution limit for the last 3 years prior to normal retirement age. Is this an employee based catch up like the age 50 catch up? In other words, can the amounts that relate to the special catch up be non-elective contributions or must they be salary deferrals? I don't have a lot of experience with 457(b)s, so please don't bash me! 457 doesn't distinguish between salary reduction and employer contributions. So, yes, 457 catch up contributions can be from either source. Tom Geer Thomas L. Geer, J.D., LL.M. Benefit Plan Solutions Blog: http://401k-403b-457-plansblog.blogspot.com/ Email: geertom@gmail.com Phone & Fax: (888) 315-6720
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