If your Public Employee Retirement System Idaho (PERSI) plan was a 457 plan, then it is probably a "qualified plan".
Most plans are qualified plans, especially if you made tax-deferred contributions to the plan. To be certain, you would have to contact the plan administrator. If your PERSI plan was a 457 plan, then it is probably a "qualified plan"
A qualified plan is a retirement plan sponsored by employers for the exclusive benefit of employees. paying taxes on the contributions until retirement.
Qualified plans include:
- 401(k)s
- 403(b)s (also known as tax-sheltered annuity plans)
- 457 plans for government employees
- Traditional IRAs
- Roth IRAs
- SEP and SIMPLE plans for employees of small businesses
- Pension plans
- Profit-sharing plans
- Stock bonus plans
