It's election season for 457(f) plans that permit salary deferral elections. What are plans doing for 2008 in light of IRS Notice 2007-62, which said salary
deferral elections generally cannot be made subject to a substantial risk of forfeiture? No salary deferrals in 2008 at all? Continuing salary deferrals for current participants only? Operating as usual until guidance is issued? Any thoughts would be appreciated.

I don't know what people are doing, but IMHO anyone who does it now or even did it in the past should have his/her head examined.