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Public 457(b) = Governmental type?

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  • Public 457(b) = Governmental type?

    Work at an academic hospital affiliated with a "state related" university and as such am dual employed (two salaries, benefits, etc).  The university is starting a 457(b).

    I spoke to the financial company running the program and they said it is termed a Public 457(b) and stated it qualified as a governmental 457(b), although they sounded very confused.  The pamphlet that came in the mail about the new change states I could rollover the 457(b) into IRA's, 403(b)'s, etc upon leaving employment, which would corroborate the confused representative in that it sounds like a Governmental 457(b).

    Anyone more familiar than I?  Basically would like to confirm my money is held in a separate trust, not used to satisfy creditors, etc.

    Thanks!

  • #2
    So the 457B is associated with the state university?  Or is that not obvious in the information you have?

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    • #3


      The pamphlet that came in the mail about the new change states I could rollover the 457(b) into IRA’s, 403(b)’s, etc upon leaving employment, which would corroborate the confused representative in that it sounds like a Governmental 457(b).
      Click to expand...


      Non-governmental 457(b) can't do that, so it def sounds governmental.

      Never trust the drones...

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