Please forgive a silly question, but a doubt has been placed in my mind.
An individual working for a public school system participated in a 403(b) plan, left employment, found new employment working in a for-profit corporation, and is told by 403(b) custodian that deferrals from the corporate wages can still be made into the existing 403(b) account. Does this make sense?
Full Version: Continuance of Deferrals?
QUOTE (WDIK @ Feb 24 2006, 02:04 PM) 
Please forgive a silly question, but a doubt has been placed in my mind.
An individual working for a public school system participated in a 403(b) plan, left employment, found new employment working in a for-profit corporation, and is told by 403(b) custodian that deferrals from the corporate wages can still be made into the existing 403(b) account. Does this make sense?
An individual working for a public school system participated in a 403(b) plan, left employment, found new employment working in a for-profit corporation, and is told by 403(b) custodian that deferrals from the corporate wages can still be made into the existing 403(b) account. Does this make sense?
No. That seems inaccurate. I think once employment is terminiated with the public employer that you would no longer be eligible to defer to the 403(b).
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