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If you forget or decide you don’t want to comply with RMD rules, you’ll be charged income tax plus a penalty equal to 50% of your unwithdrawn distribution. If the correct required minimum ...

457 plan. The 457 plan is a type of nonqualified, [1] [2] tax advantaged deferred-compensation retirement plan that is available for governmental and certain nongovernmental employers in the United States. The employer provides the plan and the employee defers compensation into it on a pre tax or after-tax (Roth) basis.

National Association of State Retirement Administrators (NASRA) National Council on Teacher Retirement (NCTR) In 2011, the National Conference of Public Employee Retirement Systems (NCPERS) joined the ranks of CII, NASRA, and NCTR as a leadership member of NIRS.

State Pension plans account for approximately 88% of all unfunded liabilities of non-federal retirement systems. While national aggregates provide insight into larger trends, the funded ratio of state pension plans vary significantly by state. The extent to which unfunded liabilities impact states is relative to their overall economic output.