Good Friday Morning: I have an interesting situation and the CSMFO Web site doesn't have this one covered yet. We recently hired a regular full-time staff member with a salary over $40,000 who was exercising the 457 Catch-Up provision at his former employer. He is insisting he can continue the catch-up in his new job. I do not know (for a fact) that he is eligible for catch-up, since that would apply to payroll history at his former employer. I may not want to take his former employer's word for it. I am thinking that I should not jeopardize the city's 457 plan by allowing this to occur. The ICMA web site expresses a non-legal, non-technical opinion that any employment with any employer counts. They have a vested interest here and they do not cite the Code or regulation. Anybody faced this one before? How did you (or would you) handle this? Thanks,...jim koser, morro bay --- You are currently subscribed to members as: [email protected] To unsubscribe send a blank email to [EMAIL PROTECTED]
