Can terminated employees of a 403(b) church plan contribute to the acc

[Guest Jim Brennan]

I've been told that terminated employees of a church plan - in this case the plan is 403(B) - can contribute to the account for 5 years after termination. Does this mean that they can defer income from a "for profit" business into their existing 403(B) accounts? Or is something getting twisted in the translation?

[Guest Jim Brennan]

Apparently the answer is yes! §414(e)(3)(E)(ii)

Anyone agree?