To (B) or Not to (B): Is that the Question? Twenty-First Century Schizoid Plans Under Section 403(B) of the Internal Revenue Code

105 Pages Posted: 5 Feb 2010  

David A. Pratt

Albany Law School

Date Written: December 1, 2009

Abstract

The year 2008 marked the 50th anniversary of the enactment of Section 403(b) of the Internal Revenue Code, which provides a special type of tax favored retirement arrangement available to certain employers. Revisiting a previous article by the same author, this article provides a comprehensive review of the rules governing 403(b) plans, as well as recent developments in the rules' application. Topics covered include: important 403(b) plan rules; the major remaining differences between 403(b) plans and qualified plans; reform proposals; and whether the retention of section 403(b) plans can be justified on policy (as opposed to historical) grounds.

Keywords: Section 403(b), Internal Revenue Code, Qualified Plans, Retirement

JEL Classification: M44

Suggested Citation

Pratt, David A., To (B) or Not to (B): Is that the Question? Twenty-First Century Schizoid Plans Under Section 403(B) of the Internal Revenue Code (December 1, 2009). Albany Law Review, Vol. 73, p. 139, 2009; Albany Law School Research Paper No. 25. Available at SSRN: https://ssrn.com/abstract=1547922

David A. Pratt (Contact Author)

Albany Law School ( email )

80 New Scotland Avenue
Albany, NY 12208
United States
518-472-5870 (Phone)

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