Section 457 catch-up provision: any restriction on the timing of a par

[Guest A Montez]

Is there any restriction on the timing of a participant's election to use the section 457 catch-up provision? In other words, would a participant be able to elect to have catch-up apply for a given year during the week before the participant retires, or does this election need to be made at the beginning of the three-year (or lesser) period to which the catch-up is intended to apply? Does the fact that amounts may be deferred for any calendar month only pursuant to a deferral agreement entered prior to the first day of the month suggest that the catch-up election must be made in advance, because it's essentially a new or different election?

[Guest David Jamieson]

457 Catch-Up provisions are explored somewhat in

http://benefitslink.com/boards/index.php?showtopic=2132

Hope that helps.

[Guest A Montez]

Thank you for the reply. Unfortunately, the link doesn't appear to be accesible.

[Carol V. Calhoun]

I fixed the link; it should be working now.