Public Pensions: Section 457 Plans Pose Greater Risk Than Other Supplemental Plans
HEHS-96-38
Published: Apr 30, 1996. Publicly Released: May 15, 1996.
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Highlights
Pursuant to a congressional request, GAO reviewed the status of public pension funding, focusing on how plans established under Internal Revenue Code (IRC) section 457 differ from plans created under IRC sections 401(k) and 403(b).
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Civil service pensionsEmployee retirement plansFinancial managementGovernment retirement benefitsMunicipal employeesPension plan cost controlPensionsState employeesTax exempt statusTax law