Is a city housing authority in Pennsylvania eligible to start a 457 pl

[Guest MAWalsh]

Is a city housing authority in Pennsylvania an eligible employer in regard to IRC Section 457(e)(1)? The housing authority in question already has a money purchase plan with voluntary employee after-tax contributions. It would like to start a 457 plan.

[Guest]

This is a legal issue, i.e. is the housing authority a "political subdivision of the State". Check with the Authority's solicitor. My gut is that the answer is yes and then accordingly the Authority could sponsor a 457 plan.

[Guest PALAWYER]

I am a lawyer who does work for a housing authority in Pennsylvania- get in touch with me by sending email below- maybe we can talk