Source: https://www.law.cornell.edu/uscode/text/26/457?quicktabs_8=3
Timestamp: 2015-07-29 20:07:44
Document Index: 336239857

Matched Legal Cases: ['§ 457', '§ 131', '§ 101', '§ 491', '§ 1107', '§ 1011', '§ 6064', '§ 7811', '§ 521', '§ 1421', '§ 1071', '§ 611', '§ 411', '§ 829', '§ 1104', '§ 104', '§ 845', '§ 1104', '§ 829', '§ 1104', '§ 1104', '§ 411', '§ 411', '§ 649', '§ 641', '§ 611', '§ 632', '§ 611', '§ 615', '§ 611', '§ 611', '§ 641', '§ 646', '§ 649', '§ 649', '§ 649', '§ 648', '§ 611', '§ 641', '§ 647', '§ 1448', '§ 1421', '§ 1447', '§ 1458', '§ 1444', '§ 1447', '§ 1444', '§ 1448', '§ 7811', '§ 7811', '§ 7816', '§ 1011', '§ 6071', '§ 1011', '§ 1011', '§ 6064', '§ 6064', '§ 1011', '§ 6064', '§ 6064', '§ 6064', '§ 491', '§ 1104', '§ 111', '§ 615', '§ 632', '§ 649', '§ 1447', '§ 1448', '§ 1458', '§ 1011', '§ 6064', '§ 11831', '§ 1107', '§ 1011', '§ 131', '§ 825', '§ 1100', '§ 1800', '§ 131', '§ 2', '§ 131', '§ 252', '§ 2']

26 U.S. Code § 457 - Deferred compensation plans of State and local governments and tax-exempt organizations | LII / Legal Information Institute
Special rule for rollover amounts To the extent provided in section 72
(t)(9), section 72(t) shall apply to any amount includible in gross income under this subsection.
Special rule for health and long-term care insurance In the case of a plan of an eligible employer described in subsection (e)(1)(A), to the extent provided in section 402
in the case of a plan maintained by an employer described in subsection (e)(1)(A), the plan meets requirements similar to the requirements of section 401
Any amount transferred in a direct trustee-to-trustee transfer in accordance with section 401
Minimum distribution requirements A plan meets the minimum distribution requirements of this paragraph if such plan meets the requirements of section 401
Includible compensation The term “includible compensation” has the meaning given to the term “participant’s compensation” by section 415
the portion of such amount which is not attributable to rollover contributions (as defined in section 411
(a)(11)(D)) does not exceed the dollar limit under section 411
makes payments or supplements as an early retirement benefit, a retirement-type subsidy, or a benefit described in the last sentence of section 411
such payments or supplements are made in coordination with a defined benefit plan which is described in section 401
(a) and includes a trust exempt from tax under section 501
an education association which principally represents employees of 1 or more agencies described in subclause (I) and which is described in section 501
(c)(5) or (6) and exempt from tax under section 501
Special rule for churches The term “eligible employer” shall not include a church (as defined in section 3121
(w)(3)(A)) or qualified church-controlled organization (as defined in section 3121
Treatment of qualified governmental excess benefit arrangements Subsections (b)(2) and (c)(1) shall not apply to any qualified governmental excess benefit arrangement (as defined in section 415
$11,000 2003
$12,000 2004
$13,000 2005
$14,000 2006 or thereafter
Cost-of-living adjustments In the case of taxable years beginning after December 31, 2006, the Secretary shall adjust the $15,000 amount under subparagraph (A) at the same time and in the same manner as under section 415
any portion of the balance to the credit of an employee in such plan is paid to such employee in an eligible rollover distribution (within the meaning of section 402
the employee transfers any portion of the property such employee receives in such distribution to an eligible retirement plan described in section 402
Reporting Rollovers under this paragraph shall be reported to the Secretary in the same manner as rollovers from qualified retirement plans (as defined in section 4974
Coordination with catch-up contributions for individuals age 50 or older In the case of an individual who is an eligible participant (as defined by section 414
the applicable dollar amount for the taxable year determined under section 414
that portion of any plan which consists of a trust to which section 402
a qualified governmental excess benefit arrangement described in section 415
a local educational agency (as defined in section 9101 of the Elementary and Secondary Education Act of 1965 (20 U.S.C. 7801),
an education association which principally represents employees of 1 or more agencies described in clause (i) and which is described in section 501
(c)(5) or (6) and exempt from taxation under section 501
a trust described in paragraph (1) shall be treated as an organization exempt from taxation under section 501
Custodial accounts and contracts For purposes of this subsection, custodial accounts and contracts described in section 401
(f) shall be treated as trusts under rules similar to the rules under section 401
Death benefits under USERRA-qualified active military service A plan described in paragraph (1) shall not be treated as an eligible deferred compensation plan unless such plan meets the requirements of section 401
(Added Pub. L. 95–600, title I, § 131(a),Nov. 6, 1978, 92 Stat. 2779; amended Pub. L. 96–222, title I, § 101(a)(4),Apr. 1, 1980, 94 Stat. 196; Pub. L. 98–369, div. A, title IV, § 491(d)(33),July 18, 1984, 98 Stat. 851; Pub. L. 99–514, title XI, § 1107(a),Oct. 22, 1986, 100 Stat. 2426; Pub. L. 100–647, title I, § 1011(e)(1), (2), (9), (10), title VI, §§ 6064(a)–(c), 6071(c), Nov. 10, 1988, 102 Stat. 3460, 3461, 3700, 3701, 3705; Pub. L. 101–239, title VII, §§ 7811(g)(4), (5), 7816(j),Dec. 19, 1989, 103 Stat. 2409, 2421; Pub. L. 102–318, title V, § 521(b)(26),July 3, 1992, 106 Stat. 312; Pub. L. 104–188, title I, §§ 1421(b)(3)(C), 1444
(b)(2), (3), 1447(a), (b), 1448(a), (b), 1458(a),Aug. 20, 1996, 110 Stat. 1796, 1810, 1812, 1813, 1819; Pub. L. 105–34, title X, § 1071(a)(2),Aug. 5, 1997, 111 Stat. 948; Pub. L. 107–16, title VI, §§ 611(d)(3)(B), (e), 615
(a), 632
(c)(1), 641
(a)(1)(A)–(C), 646(a)(3), 647(b), 648(b), 649(a), (b), June 7, 2001, 115 Stat. 98, 102, 115, 118, 119, 126–128; Pub. L. 107–147, title IV, § 411(o)(9), (p)(5),Mar. 9, 2002, 116 Stat. 49, 51; Pub. L. 109–280, title VIII, §§ 829(a)(4), 845
(b)(3), title XI, § 1104(a)(1), (b),Aug. 17, 2006, 120 Stat. 1002, 1015, 1058, 1059; Pub. L. 110–245, title I, § 104(c)(3),June 17, 2008, 122 Stat. 1627.)
2008—Subsec. (g)(4). Pub. L. 110–245added par. (4).
2006—Subsec. (a)(3). Pub. L. 109–280, § 845(b)(3), added par. (3).
Subsec. (e)(11)(D). Pub. L. 109–280, § 1104(a)(1), added subpar. (D).
Subsec. (e)(16)(B). Pub. L. 109–280, § 829(a)(4), substituted “, (9), and (11)” for “and (9)”.
Subsec. (f)(2)(F). Pub. L. 109–280, § 1104(b)(1), added subpar. (F).
Subsec. (f)(4). Pub. L. 109–280, § 1104(b)(2), added par. (4).
2002—Subsec. (e)(5). Pub. L. 107–147, § 411(p)(5), reenacted heading without change and amended text generally. Prior to amendment, text read as follows: “The term ‘includible compensation’ means compensation for service performed for the employer which (taking into account the provisions of this section and other provisions of this chapter) is currently includible in gross income.”
Subsec. (e)(18). Pub. L. 107–147, § 411(o)(9), added par. (18).
2001—Subsec. (a). Pub. L. 107–16, § 649(b)(1), reenacted heading without change and amended text of subsec. (a) generally. Prior to amendment, text read as follows: “In the case of a participant in an eligible deferred compensation plan, any amount of compensation deferred under the plan, and any income attributable to the amounts so deferred, shall be includible in gross income only for the taxable year in which such compensation or other income is paid or otherwise made available to the participant or other beneficiary.”
Subsec. (b)(2). Pub. L. 107–16, § 641(a)(1)(B), inserted “(other than rollover amounts)” after “taxable year” in introductory provisions.
Subsec. (b)(2)(A). Pub. L. 107–16, § 611(e)(1)(A), substituted “the applicable dollar amount” for “$7,500”.
Subsec. (b)(2)(B). Pub. L. 107–16, § 632(c)(1), substituted “100 percent” for “331/3 percent”.
Subsec. (b)(3)(A). Pub. L. 107–16, § 611(e)(1)(B), substituted “twice the dollar amount in effect under subsection (b)(2)(A)” for “$15,000”.
Subsec. (c). Pub. L. 107–16, § 615(a), amended heading and text of subsec. (c) generally, substituting present provisions for provisions which stated that the maximum amount of compensation that an individual could defer under subsec. (a) during any taxable year could not exceed the applicable dollar amount, as modified by any adjustment provided under subsec. (b)(3), and provided for coordination with certain other deferrals.
Subsec. (c)(1). Pub. L. 107–16, § 611(e)(1)(A), substituted “the applicable dollar amount” for “$7,500”.
Subsec. (c)(2). Pub. L. 107–16, § 611(d)(3)(B), substituted “402(g)(7)(A)(iii)” for “402(g)(8)(A)(iii)” in concluding provisions.
Subsec. (d)(1). Pub. L. 107–16, § 641(a)(1)(C), added subpar. (C) and concluding provisions.
Subsec. (d)(1)(A)(ii). Pub. L. 107–16, § 646(a)(3), substituted “has a severance from employment” for “is separated from service”.
Subsec. (d)(2). Pub. L. 107–16, § 649(a), reenacted heading without change and amended text of par. (2) generally, substituting present provisions for provisions which stated that a plan would meet the minimum distribution requirements of this par. if plan met the requirements of section 401
(a)(9), if plan met additional distribution requirements in the case of a deceased participant, and if any distribution payable over a period of more than 1 year would only be made in substantially nonincreasing amounts.
Subsec. (d)(3). Pub. L. 107–16, § 649(b)(2)(B), added par. (3).
Subsec. (e)(9). Pub. L. 107–16, § 649(b)(2)(A), in heading substituted “Benefits of tax exempt organization plans not treated as made available by reason of certain elections, etc.” for “Benefits not treated as made available by reason of certain elections, etc.” and inserted introductory provisions.
Subsec. (e)(9)(A)(i). Pub. L. 107–16, § 648(b), substituted “the portion of such amount which is not attributable to rollover contributions (as defined in section 411
(a)(11)(D))” for “such amount”.
Subsec. (e)(15). Pub. L. 107–16, § 611(e)(2), amended heading and text of par. (15) generally. Prior to amendment, text read as follows: “The Secretary shall adjust the $7,500 amount specified in subsections (b)(2) and (c)(1) at the same time and in the same manner as under section 415
(d), except that the base period shall be the calendar quarter ending September 30, 1994, and any increase under this paragraph which is not a multiple of $500 shall be rounded to the next lowest multiple of $500.”
Subsec. (e)(16). Pub. L. 107–16, § 641(a)(1)(A), added par. (16).
Subsec. (e)(17). Pub. L. 107–16, § 647(b), added par. (17).
1997—Subsec. (e)(9)(A). Pub. L. 105–34substituted “dollar limit” for “$3,500” in heading and “the dollar limit under section 411
(a)(11)(A)” for “$3,500” in cl. (i).
1996—Subsec. (b)(6). Pub. L. 104–188, § 1448(b), inserted “except as provided in subsection (g),” before “which provides that” in introductory provisions.
Subsec. (c)(2)(B)(i). Pub. L. 104–188, § 1421(b)(3)(C), substituted “section 402
(h)(1)(B) or (k)” for “section 402
(h)(1)(B)”.
Subsec. (e)(9). Pub. L. 104–188, § 1447(a), amended par. (9) generally. Prior to amendment, par. (9) read as follows: “Benefits not treated as made available by reason of certain elections.—If—
Subsec. (e)(11). Pub. L. 104–188, § 1458(a), amended par. (11) generally. Prior to amendment, par. (11) read as follows: “Certain plans excepted.—Any bona fide vacation leave, sick leave, compensatory time, severance pay, disability pay, or death benefit plan shall be treated as a plan not providing for the deferral of compensation.”
Subsec. (e)(14). Pub. L. 104–188, § 1444(b)(2), added par. (14).
Subsec. (e)(15). Pub. L. 104–188, § 1447(b), added par. (15).
Subsec. (f)(2)(E). Pub. L. 104–188, § 1444(b)(3), added subpar. (E).
Subsec. (g). Pub. L. 104–188, § 1448(a), added subsec. (g).
1992—Subsec. (c)(2)(B)(i). Pub. L. 102–318substituted “402(e)(3)” for “402(a)(8)”.
1989—Subsec. (d)(1)(A)(iii). Pub. L. 101–239, § 7811(g)(4), substituted “, and” for period at end.
Subsec. (d)(2)(B)(i)(I). Pub. L. 101–239, § 7811(g)(5), inserted “and” at end.
Subsec. (e)(13). Pub. L. 101–239, § 7816(j), substituted “Special rule for churches” for “Exception for church plans” in heading and amended text generally. Prior to amendment, text read as follows: “The term ‘eligible deferred compensation plan’ shall not include a plan maintained by a church for church employees. For purposes of this paragraph, the term ‘church’ has the meaning given such term by section 3121
(w)(3)(A), including a qualified church-controlled organization (as defined in section 3121
(w)(3)(B)).”
1988—Subsec. (c)(2). Pub. L. 100–647, § 1011(e)(1), struck out “and paragraphs (2) and (3) of subsection (b)” after “of this subsection”.
Pub. L. 100–647, § 6071(c), substituted “rural cooperative plan” for “rural electric cooperative plan” in last sentence.
Subsec. (d)(1)(A). Pub. L. 100–647, § 1011(e)(2), amended subpar. (A) generally. Prior to amendment, subpar. (A) read as follows: “the plan provides that amounts payable under the plan will be made available to participants or other beneficiaries not earlier than when the participant is separated from service with the employer or is faced with an unforeseeable emergency (determined in the manner prescribed by the Secretary by regulation), and”.
Subsec. (d)(2)(B)(i)(I). Pub. L. 100–647, § 1011(e)(10), amended subcl. (I) generally. Prior to amendment, subcl. (I) read as follows: “at least 2/3 of the total amount payable with respect to the participant will be paid during the life expectancy of such participant (determined as of the commencement of the distribution), and”.
Subsec. (d)(10). Pub. L. 100–647, § 6064(a)(2), amended subsec. (d), as in effect on the day before the date of enactment of Pub. L. 99–514(Oct. 22, 1986), by adding par. (10) reading as follows: “Certain plans excepted.—Any bona fide vacation leave, sick leave, compensatory time, severance pay, disability pay, or death benefit plan shall be treated as a plan not providing for the deferral of compensation.”
Subsec. (d)(11). Pub. L. 100–647, § 6064(b)(2), amended subsec. (d), as in effect on the day before the date of enactment of Pub. L. 99–514(Oct. 22, 1986), by adding par. (11) reading as follows: “Exception for nonelective deferred compensation of nonemployees.—
Subsec. (e)(9). Pub. L. 100–647, § 1011(e)(9), inserted “after separation from service and” after “lump sum payable” in concluding provisions.
Subsec. (e)(11). Pub. L. 100–647, § 6064(a)(1), added par. (11).
Subsec. (e)(12). Pub. L. 100–647, § 6064(b)(1), added par. (12).
Subsec. (e)(13). Pub. L. 100–647, § 6064(c), added par. (13).
1986—Pub. L. 99–514amended section generally, substituting “Deferred compensation plans of State and local governments and tax-exempt organizations” for “Deferred compensation plans with respect to service for State and local governments” as section catchline and revising and restating as subsecs. (a) to (c), (e), and (f) provisions formerly contained in subsecs. (a) to (e) and adding provisions comprising subsec. (d).
1984—Subsec. (e)(2). Pub. L. 98–369, § 491(d)(33), struck out subpar. (C) which provided that par. (1) of this subsection not apply to a qualified bond purchase plan described in section 405
(a), and redesignated subpars. (D) and (E) as (C) and (D), respectively.
1980—Subsec. (d)(9)(B). Pub. L. 96–222in cl. (i) struck out “described in section 501
(c)(12)” after “any organization” and substituted “electric service on a mutual or cooperative basis” for “electric service” and in cl. (ii) substituted “paragraph (4) or (6) of section 501
(a)” for “section 501
(c)(6)” and “at least 80 percent of the members” for “all the members”.
Amendment by section 829(a)(4) ofPub. L. 109–280applicable to distributions after Dec. 31, 2006, see section 829(b) ofPub. L. 109–280, set out as a note under section 402 of this title.
Amendment by section 845(b)(3) ofPub. L. 109–280applicable to distributions in taxable years beginning after Dec. 31, 2006, see section 845(c) ofPub. L. 109–280, set out as a note under section 402 of this title.
Pub. L. 109–280, title XI, § 1104(d),Aug. 17, 2006, 120 Stat. 1060, as amended by Pub. L. 110–458, title I, § 111(a),Dec. 23, 2008, 122 Stat. 5113, provided that:
Amendment by section 611(d)(3)(B), (e) ofPub. L. 107–16applicable to years beginning after Dec. 31, 2001, see section 611(i)(1) ofPub. L. 107–16, set out as a note under section 415 of this title.
Pub. L. 107–16, title VI, § 615(b),June 7, 2001, 115 Stat. 102, provided that: “The amendment made by subsection (a) [amending this section] shall apply to years beginning after December 31, 2001.”
Pub. L. 107–16, title VI, § 632(c)(2),June 7, 2001, 115 Stat. 115, provided that: “The amendment made by this subsection [amending this section] shall apply to years beginning after December 31, 2001.”
Amendment by section 641
(a)(1)(A)–(C) of Pub. L. 107–16applicable to distributions after Dec. 31, 2001, see section 641(f)(1) ofPub. L. 107–16, set out as a note under section 402 of this title.
Amendment by section 646(a)(3) ofPub. L. 107–16applicable to distributions after Dec. 31, 2001, see section 646(b) ofPub. L. 107–16, set out as a note under section 401 of this title.
Amendment by section 647(b) ofPub. L. 107–16applicable to trustee-to-trustee transfers after Dec. 31, 2001, see section 647(c) ofPub. L. 107–16, set out as a note under section 403 of this title.
Amendment by section 648(b) ofPub. L. 107–16applicable to distributions after Dec. 31, 2001, see section 648(c) ofPub. L. 107–16, set out as a note under section 411 of this title.
Pub. L. 107–16, title VI, § 649(c),June 7, 2001, 115 Stat. 128, provided that: “The amendments made by subsections (a) and (b) [amending this section] shall apply to distributions after December 31, 2001.”
Amendment by section 1421(b)(3)(C) ofPub. L. 104–188applicable to taxable years beginning after Dec. 31, 1996, see section 1421(e) ofPub. L. 104–188, set out as a note under section 72 of this title.
Amendment by section 1444(b)(2), (3) ofPub. L. 104–188applicable to years beginning after Dec. 31, 1994, see section 1444(e) ofPub. L. 104–188, set out as a note under section 415 of this title.
Pub. L. 104–188, title I, § 1447(c),Aug. 20, 1996, 110 Stat. 1812, provided that: “The amendments made by this section [amending this section] shall apply to taxable years beginning after December 31, 1996.”
Pub. L. 104–188, title I, § 1448(c),Aug. 20, 1996, 110 Stat. 1813, provided that:
Pub. L. 104–188, title I, § 1458(c)(1),Aug. 20, 1996, 110 Stat. 1820, provided that: “The amendment made by subsection (a) [amending this section] shall apply to accruals of length of service awards after December 31, 1996.”
Pub. L. 100–647, title I, § 1011(e)(9),Nov. 10, 1988, 102 Stat. 3461, provided that the amendment made by that section is effective for years beginning after Dec. 31, 1988.
Amendment by section 1011(e)(1), (2), (10) ofPub. L. 100–647effective, except as otherwise provided, as if included in the provision of the Tax Reform Act of 1986, Pub. L. 99–514, to which such amendment relates, see section 1019(a) ofPub. L. 100–647, set out as a note under section 1 of this title.
Pub. L. 100–647, title VI, § 6064(d),Nov. 10, 1988, 102 Stat. 3701, provided that:
“(A) In general.—Section 457 of the 1986 Code (as in effect before and after the amendments made by section 1107 of the Reform Act [Pub. L. 99–514]) shall not apply to nonelective deferred compensation provided under a plan in existence on December 31, 1987, and maintained pursuant to a collective bargaining agreement.
“(3) Treatment of certain nonelective deferred compensation.—Section 457 of the 1986 Code shall not apply to amounts deferred under a nonelective deferred compensation plan maintained by an eligible employer described in section 457(e)(1)(A) of the 1986 Code (as in effect after the Reform Act [Pub. L. 99–514])—
[The due date for the report on the study referred to in section 6064(d)(4) ofPub. L. 100–647, set out above, extended to Jan. 1, 1992, by Pub. L. 101–508, title XI, § 11831(b),Nov. 5, 1990, 104 Stat. 1388–559.]
Amendment by section 6071(c) ofPub. L. 100–647applicable to taxable years beginning after Nov. 10, 1988, see section 6071(d) ofPub. L. 100–647, set out as a note under section 401 of this title.
Pub. L. 99–514, title XI, § 1107(c),Oct. 22, 1986, 100 Stat. 2430, as amended by Pub. L. 100–647, title I, § 1011(e)(6), (7),Nov. 10, 1988, 102 Stat. 3461, provided that:
Pub. L. 95–600, title I, § 131(c)(1),Nov. 6, 1978, 92 Stat. 2782, provided that: “The amendments made by this section [enacting this section] shall apply to taxable years beginning after December 31, 1978.”
Pub. L. 109–280, title VIII, § 825,Aug. 17, 2006, 120 Stat. 999, provided that: “An individual shall not be precluded from participating in an eligible deferred compensation plan by reason of having received a distribution under section 457(e)(9) of the Internal Revenue Code of 1986, as in effect prior to the enactment of the Small Business Job Protection Act of 1996 [Pub. L. 104–188, Aug. 20, 1996].”
For provisions directing that if any amendments made by subtitle A or subtitle C of title XI [§§ 1100–1147 and 1171–1177] or title XVIII [§§ 1800–1899A] of Pub. L. 99–514require an amendment to any plan, such plan amendment shall not be required to be made before the first plan year beginning on or after Jan. 1, 1989, see section 1140 ofPub. L. 99–514, as amended, set out as a note under section 401 of this title.
Pub. L. 95–600, title I, § 131(c)(2),Nov. 6, 1978, 92 Stat. 2782, as amended by Pub. L. 99–514, § 2,Oct. 22, 1986, 100 Stat. 2095, provided that:
Pub. L. 95–600, title I, § 131(c)(3), as added by Pub. L. 97–248, title II, § 252,Sept. 3, 1982, 96 Stat. 532, and amended by Pub. L. 99–514, § 2,Oct. 22, 1986, 100 Stat. 2095, provided that: