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toby

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  1. Is there such a thing as a nonelective deferral to a 403 b plan and is that deferral subject to FICA taxes?
  2. toby

    Sick Leave Payouts

    Chuck: Thanks for your reply. It confirmed my research that this is not a cut and dried issue. There may also be a problem with changing your contribution election during the plan year; I understand that this can only be changed at the beginning of the plan year.
  3. I was told that one can transfer a sick leave payout or a lump sum payout of accumulated comp time directly to a 403 b either at retirement or upon termination of employment and thus defer taxes and avoid the employer and employee fica taxes. Is this true and if so what are the requirements and the IRS code section that authorizes it?
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