Statements (24)
Predicate | Object |
---|---|
gptkbp:instanceOf |
retirement plan
|
gptkbp:catchUpContributionLimit2023 |
$7,500
|
gptkbp:catchUpProvision |
age 50 and over
final 3 years before retirement |
gptkbp:contribution |
tax-deferred
|
gptkbp:contributionLimit2023 |
$22,500
|
gptkbp:eligibility |
government employees
|
gptkbp:employerContributions |
allowed
|
https://www.w3.org/2000/01/rdf-schema#label |
governmental 457(b) plans
|
gptkbp:loansAllowed |
plan dependent
|
gptkbp:offeredBy |
local governments
state governments governmental agencies |
gptkbp:purpose |
retirement savings
|
gptkbp:regulates |
Internal Revenue Code Section 457(b)
|
gptkbp:requiredMinimumDistributions |
age 73 (as of 2023)
|
gptkbp:rolloverEligible |
gptkb:IRA
gptkb:401(k) gptkb:403(b) |
gptkbp:taxationOnWithdrawal |
ordinary income tax
|
gptkbp:vesting |
plan dependent
|
gptkbp:withdrawalPenalty |
no early withdrawal penalty
|
gptkbp:bfsParent |
gptkb:Credit_for_Qualified_Retirement_Savings_Contributions
|
gptkbp:bfsLayer |
7
|