457 Rollover

[Guest elang]

Upon termination, can you roll a 457 into an IRA & defer taxes?

Thx

[John Feldt ERPA CPC QPA]

457(f) = no

457(b) of nonprofit corp = no

457(b) of government employer = yes, but then the assets take on characteristics of an IRA and the pre-age 59.5 withdrawal excise tax of 10% could apply (if it's taken out of the IRA before 59.5, just FYI).