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A 457 plan is a type of deferred-compensation plan that allows employees to defer compensation into a retirement account on a pre tax or after-tax basis. It has no 10% penalty for withdrawal before age 55, but has different rules and benefits for governmental and nongovernmental plans.
Like its better-known sibling — the 401(k) — a 457(b) retirement plan is a tax-advantaged way to save for retirement. But the 457(b) is designed especially for employees of state and local ...
Individuals working for state and local governments, as well as some tax-exempt organizations, may be eligible for a 457(b) plan. This type of account is designed to help government and nonprofit ...
A 457(b) retirement plan is a tax-advantaged saving scheme available to government and certain non-profit employees. It allows participants to defer income taxes on retirement savings until the ...
A 403 (b) plan is a retirement savings plan for public education, non-profit, and some other employers in the U.S. It has similar tax treatment to a 401 (k) plan, but different rules and regulations. Learn about its features, compliance, and history.
Learn about the retirement and disability fund for public employees in Oregon, established in 1946. Find out about its pension benefits, reforms, unfunded liability, and deferred compensation plan.
Continue reading → The post 403(b) vs. 457(b): What Is the Difference? appeared first on SmartAsset Blog. It’s never too early to start saving for retirement. Whether you’ve just started ...
OPERS is a state-sponsored pension system for most Oklahoma state and local government employees. It provides defined benefit and defined contribution plans, and has a portfolio of about 6.5 billion dollars in assets.