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February 2, 2020
Question

Do our pension plans from the commonwealth of Pennsylvania & the federal reserve bank are they a qualified or non-qualified plan. I am confused?

  • February 2, 2020
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1 reply

February 2, 2020

They are qualified plans.   Qualified plans are when you and your employer make tax-deferred contributions.  Non-qualified plans are funded with money that has already been taxed

 

Link about What is a Qualified Plan

 

 

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