What Does Section 457 Plans Mean?

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What does Section 457 Plans mean? Read on to discover the definition & meaning of the term Section 457 Plans - to help you better understand the language used in insurance policies.

Section 457 Plans

Section 457 Plans

Deferred compensation plans for employees of state and local governments in which amounts deferred will not be included in gross income until they are actually received or made available.

We hope the you have a better understanding of the meaning of Section 457 Plans.

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